Traders expect heightened volatility in coming weeks but split on what Midterm results mean for Iran war

Traders expect heightened gas price volatility in the coming weeks but were split on what the result of the US Midterm elections might mean for the Iran war.

While final votes are still being counted, the results of the Midterm elections are already clear and the Democratic Party has taken control of both the House and the Senate, a significant electoral rebuke for President Trump.

Traders polled by ICIS almost all expected significant gas price volatility to continue in the coming days and weeks, but were less sure what it meant for any potential escalation of the war in Iran.

The largest portion of respondents took the view that Trump, now unshackled from needing to keep prices low or public opinion in check, would escalate further.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →