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05.04.26 - 07:18
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′It′s all fear and headlines′: energy traders race to keep pace with volatile oil markets (The Guardian)
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Market volatility caused by Middle East conflict exposes energy traders to heavy losses and rumours of insider trading at the highest levelOn the weekend that US-Israeli drones first began to rain down on Tehran, energy traders across the world's major financial centres began to redraw their strategies.When they returned to their trading desks on that March Monday morning, they found oil and gas prices spiking amid a market nightmare made real: the unprecedented shutdown of the vital trade route through the strait of Hormuz. Continue reading......
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05.04.26 - 05:24
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India makes first oil purchase from Iran in 7 years with no payment hurdle (Times of India)
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Amid Middle East supply disruptions, Indian refiners have resumed Iranian crude oil purchases after a seven-year hiatus, securing their energy needs. The government confirmed no payment hurdles exist for these imports, assuring India's crude oil requirements for the coming months are fully met. This strategic shift diversifies sourcing amidst global supply chain challenges....
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