The White House cautioned staff against using their positions for futures market bets following a pause in Iran strikes. This comes amid scrutiny over well-timed bets preceding major policy decisions, raising questions about potential information leaks. A significant bet on oil futures preceded a delay in attacks on Iran’s energy infrastructure, after which oil prices dropped.
Oil Price Today (July 15): Crude oil above $86 as US-Iran exchange fresh strikes. Bigger surge brewing?
Brent crude settled at its highest level since June 12 for a second consecutive session, while West Texas Intermediate (WTI) closed at its strongest level