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has significantly boosted the margins traders have to post for its Brent crude and European diesel futures contracts.
ICE has more than doubled margin requirements for Brent crude futures since the Iran war began.
KEY POINTS
- Margin for ICE gasoil (diesel) futures has risen over four times to nearly $21,000 per contract.
- The increases are due to a new value at risk margin model that updates daily.
- Severely curtailed shipments through the Strait of Hormuz are contributing to historic oil supply disruptions.
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