Hedge funds boosted bearish bets on US crude to the most in nearly five months on expectations that a preliminary peace deal between Washington and Tehran will boost Middle East oil flows through the Strait of Hormuz.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-22/hedge-funds-piled-into-bearish-oil-bets-ahead-of-us-iran-mou)