Oil Traders Rush to Hedge Iran Risk After Wild Start to Year - Bloomberg.com
business 2026/02/21 12:00:00

Oil Traders Rush to Hedge Iran Risk After Wild Start to Year - Bloomberg.com

Source:Bloomberg
Author:Alex Longley, Yongchang Chin, Mia Gindis

The oil market is in the middle of its strongest start to a year since 2022 as supply shocks and sanctions confound expectations of a glut. Now traders are racing to cover themselves against the prospect of the US bombing Iran again.