Big oil traders brace for protracted Iran conflict
TL;DR
Top independent energy traders such as Vitol, Trafigura, Mercuria and Gunvor are bracing for a drawn-out Middle East conflict that could disrupt global energy flows, widening banks’ credit lines and boosting liquidity to weather volatility, while addressing trader burnout; they expect profits from volatility but acknowledge the next 60 days could be decisive as Strait of Hormuz tensions persist and oil remains above $100 a barrel.
Topics:worldbusiness#business#credit-lines#energy-markets#iran-conflict#oil-trading#strait-of-hormuz
- Energy traders dig in for a long Iran war Financial Times
- Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed The New York Times
- Alternative routes for Middle East oil and gas due to Hormuz disruption Reuters
- Strait of Hormuz ship traffic briefly rose and then slowed after weekend attacks CNBC
- Top Oil Traders Warn Worst of Demand Hit From War Is Yet to Come Bloomberg
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