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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

‘It’s all fear and headlines’: energy traders race to keep pace with volatile oil markets

Oil Donald Trump United States the White House Iran Energy Aspects Hedge Funds Vitol
A man follows the stock market at the Dubai Financial Market in Dubai
Trump’s administration has downplayed the market impact of the president’s war on Iran. Photograph: Ali Haider/EPA

On the weekend that US-Israeli drones first began to rain down on Tehran, energy traders across the world’s major financial centres began to redraw their strategies.

When they returned to their trading desks on that March Monday morning, they found oil and gas prices spiking amid a market nightmare made real: the unprecedented shutdown of the vital trade route through the strait of Hormuz.

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