Fears of Middle Eastern Flareups Prompt Traders to Hedge Bets - Israel’s assassination of a top Hezbollah commander in Beirut and Hamas leader Ismail Haniyeh in Tehran has raised the geopolitical risk premium in oil prices as potential retaliation from Iran could prompt a new spiral of escalation in the Middle East.
- According to Bloomberg, more than 300,000 Brent call option contracts were traded on Wednesday, the largest single-day volume since Israel’s April attack on the Iranian consulate in Damascus. - The traded volume…Saudi Arabia's Economy Struggles With OPEC+ Cuts
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