WS #13971
US and Iran continue to exchange claims over control of the Strait of Hormuz, with Iran insisting the waterway remains blocked, sustaining oil price support. USO saw its largest trade on record since 2008, indicating significant institutional positioning in oil amid the Hormuz crisis.
Strait of Hormuz Stalemate
US and Iran continue to exchange claims over control of the Strait of Hormuz, with Iran insisting the waterway remains blocked, sustaining oil price support.
USO saw its largest trade on record since 2008, indicating significant institutional positioning in oil amid the Hormuz crisis.