Big oil traders brace for protracted Iran conflict
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.
