Oil Options on Longest Bullish Run Since 2024 as Iran Risk Looms

Oil traders are paying a premium for bullish call options for the longest stretch in about 14 months as they huddle in the options market to protect against the risk...

By Alex Longley, Mia Gindis · Bloomberg Markets

Oil traders are paying a premium for bullish call options for the longest stretch in about 14 months as they huddle in the options market to protect against the risk of a new confrontation between the US and Iran.