Hello Traders,
The situation in the Middle East has taken a massive turn for the worse, with Iran's president declaring a full-out war against the U.S. and starting to hit tankers trying to bypass closed paths. Traffic through the Strait has dropped to its lowest point in two months, sending energy futures soaring to brand new highs.
The Bloomberg 3M Brent crude contract just hit a brand-new record high as Europe faces mounting shortages and pressure on its heating fuel inventories.
POSITIONING UPDATE
BNO 0.00%↑ BRENT OIL FUND
