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Last updated: April 11, 2026, 11:30 PM ET
Geopolitics & Commodities Trading
Marathon diplomatic efforts stalled over the weekend as Vice President JD Vance confirmed the US and Iran failed to secure an agreement following 21 hours of talks in Pakistan, escalating regional tensions. This geopolitical uncertainty is directly impacting energy markets, with Vitol suffering massive losses due to wrong-way bets as the firm was heavily exposed to instability arising from the ongoing conflict in Iran.