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Traffigor and the Commodity Market
A normal trade would be a ina tropagora steps up and buys a few million barrels of urale oil for a delivery day, 30 days from now. They arrange the transport petroleum to a us Refiner, or in a uka refiner. And then immediately hedge all of those a that oil in the future's market in brent or w t i,. whatever liquid market it is. So suddenly, when trafigor says, o shit, we're geting sanctioned. Russ is getting sanction. We can't pick up this oil. Traffigor may still want to get that oil, but they can't find a tankard willing to pick it up. The whole thing