Futures Market Positions Amid U.S.-Iran Conflict Highlight Mixed Sentiment on Oil Supply Outlook
Three months into the U.S.-Israeli war with Iran, oil futures are in backwardation as traders anticipate reopening of the Strait of Hormuz. However, a Minneapolis Fed economist warns that depleted global inventories could limit optimism despite bullish long-term contracts.
Topics: backwardation energy supply futures trading Strait of Hormuz