oil-market
Latest stories covering oil-market, with summaries and links to related coverage.
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Traders place $760M bet on falling oil ahead of Hormuz announcement
news
2 min read
Investors placed a $760 million bet on falling oil prices shortly before Iran's foreign minister announced the reopening of the Strait of Hormuz. Recent large trades have raised concerns among U.S. lawmakers and legal experts regarding potential advantages for traders due to geopolitical events.