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Oil Glut Bets Are Back in Play as Crude Sinks After US-Iran Deal

Bloomberg Markets · Jun 21, 2026, 1:00 PM · Also reported by 4 other sources

A slew of all-but-forgotten niche option positions betting on an oil glut are coming back into play as crude futures slump following a peace deal between the US and Iran.

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Oil Glut Bets Are Back in Play as Crude Sinks After US-Iran Deal

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