Friday, 2 August 2024 () 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…
Yemen's Houthis have issued a chilling warning to Saudi Arabia, escalating tensions in the region. In a dramatic video titled "Just Try It," the Iran-backed group released..
Saudi Arabia's Foreign Minister emphasized Russia's critical participation is needed for credible Ukraine peace negotiations, while reiterating Saudi's commitment to supporting efforts for sustainable..
Friday, 2 August 2024 ()
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