Hedge funds turn most bullish on Brent crude since May amid US-Iran fighting over Strait of Hormuz
Hedge funds turned the most bullish on Brent crude since May as fresh fighting between the US and Iran heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz, with oil prices up 9% for the week after the two countries exchanged strikes.
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Hedge funds turned the most bullish on Brent crude since May as a fresh spate of fighting between the US and Iran heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz https://t.co/a1oMcuGZWY
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Oil prices up 9% for the week, as Iran and the United States exchanged strikes in recent days.
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Mario Nawfal says higher interest rates will not lower oil prices or ease Gulf debt risks, arguing inflation is being driven by supply-side shocks rather than demand. He points to Iran’s influence over the strait as a key factor behind crude prices.