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…
