Commodity trading groups lost billions of dollars at the start of the Iran war after being wrongfooted by bets on falling energy prices, according to new analysis by consultancy Oliver Wyman.
While trading houses typically profit in times of chaos and volatility, the start of the conflict six weeks ago — which trapped more than 100 fuel tankers in the Gulf — caught many on the wrong side of the sudden surge in oil prices.
Those early losses ran into the “billions of dollars”, said Alexander Franke, Oliver Wyman’s head of risk and trading.
您已阅读16%（542字），剩余84%（2874字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。