Traders have to pay attention to political events impacting on their industry, and oil traders are certainly no different.
This week's trade of the week demonstrates the oil market's sensitivity to news, and in particular to rumours of war games.
Trade of the Week: The Gulf Strait of Hormuz oil spike
Rumours that the Iranian military was closing a strategic sea passage to practise war games pushed oil prices upwards on Tuesday before falling violently the next day
