US Oil Trader Bets $2bn on Tankers Amid Hormuz Avoidance
UKPulse Money Desk
A US oil trader has made a $2 billion investment in tankers, as carriers are reportedly avoiding the Strait of Hormuz.
- A US oil trader has invested $2 billion in tankers.
- Carriers are reportedly steering clear of the Strait of Hormuz.
- Diesel shortages are contributing to inflation.
A US oil trader has reportedly made a $2 billion investment in tankers. This move comes as shipping carriers are said to be avoiding the Strait of Hormuz.
The situation is unfolding amidst an American security push aimed at stimulating Asian refining. Diesel shortages are also contributing to inflation.