Which way for the Betashares energy fund (ASX:FUEL) on Hormuz?
Highlights Brent crude eased late last week on reports of a possible phased deal to reopen the Strait of Hormuz. Oil remains far above pre-conflict levels, keeping cash flows at the world's largest energy producers elevated. The currency-hedged global energy fund offers exposure to integrated oil majors without Australian dollar swings. The Betashares Global Energy Companies ETF (ASX:FUEL) enters this week at the centre of the oil market's tug of war, after Brent crude eased on Friday on repo...