Traders cash in as Iran conflict scrambles oil routes
Commodity traders have profited from the Iran conflict by rerouting supplies and exploiting price gaps, driving record profits and higher fuel costs.
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Commodity traders have profited from the Iran conflict by rerouting supplies and exploiting price gaps, driving record profits and higher fuel costs.
Capital One posted a $4.3bn loss after booking an $8.8bn reserve for its Discover card acquisition. Core operations were stronger before the one-time accounting charge.
Oil futures signal years of higher prices after the Iran war, as traders price in slow repairs, closed shipping lanes and prolonged supply disruption.
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Emerging-market currencies traded mixed as Middle East tensions and Strait of Hormuz risks pushed oil higher, raising volatility and pressure on importers.
Gold fell after reports the Strait of Hormuz was blocked, boosting energy costs and reviving inflation risk as yields rose and the dollar strengthened.
U.S. indices hit record highs, but gains are concentrated in a few large-cap tech and AI stocks. Market breadth is thin and participation limited.
Rystad Energy says a sustained $100 oil price could unlock about 2.1m bpd in South America by the mid-2030s, with gains from Venezuela, Guyana and Brazil.
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Iran's decision to close the Strait of Hormuz heightens tensions and impacts global oil markets, raising questions about supply disruptions and
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