Oil Traders' War: Trump vs Iran
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
In the midst of the US-Iran conflict, oil traders in London are engaged in a fierce price battle, with the Strait of Hormuz closed and global supply reduced by a fifth. President Trump and Iranian leaders are using public statements and targeted strikes to manipulate prices. Traders at firms like Onyx are navigating wild price swings, with some teams losing billions due to panic rises. Algorithms are now used to predict price movements based on Trumps sentiment, but they often fail. As pre-war tankers dock in Europe, the real impact on global prices is about to unfold, with markets uncertain about who will emerge victorious in this oil showdown.
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