Traders and Shippers Claim Gulf Oil Export Losses Are Much Lower Than Previously Estimated
Following the onset of the Iran war and Tehran’s declaration that the Strait of Hormuz was “closed,” the market has struggled to…
Oil prices ease as traders anticipate a US-Iran truce renewal.
Oil prices declined as the US and Iran tentatively agreed to extend a ceasefire for 60 days, raising hopes that the Strait of Hormuz might…
Traders wager $760 million on declining oil prices ahead of Hormuz announcement.
Investors made a significant wager of approximately $760 million on a declining oil price roughly 20 minutes prior to the announcement from…
Iran’s Bazaar Traders Spearhead Anti-Government Protests During Economic Turmoil
Merchants in Iran’s bazaars, who served as the financial support during the 1979 Islamic Revolution, have now turned against the clerics they…