Hedge Funds Increase Bullish Oil Bets Amid US-Iran Tensions
Hedge funds have increased their bullish positions on Brent crude oil to the highest level since May, driven by escalating tensions between the US and Iran. The renewed military conflict has sparked concerns about potential disruptions to critical energy supplies passing through the Strait of Hormuz, a key global oil transportation route.
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Hedge Funds Hike Bullish Oil Bets to May High as Iran War Flares
Hedge funds have increased their bullish positions on Brent crude oil to the highest level since May, driven by escalating tensions between the US and Iran. The renewed military conflict has sparked concerns about potential disruptions to critical energy supplies passing through the Strait of Hormuz, a key global oil transportation route.
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