Hedge funds turned the most bullish on Brent crude since May as a fresh spate of fighting between the US and Iran heightened concerns about prolonged disruptions to energy flows through the Strait of Hormuz.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-09-04/hedge-funds-hike-bullish-oil-bets-to-may-high-as-iran-war-flares)