Oil Traders Face New Iran Risks Days After Venezuela Crisis
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Iranians gather while blocking a street during a protest in Kermanshah, Iran on Jan. 8. The oil market is becoming increasingly responsive to events in Iran, where there have been deadly protests — and threats of US retaliation — in the past several days.Brent oil futures have risen more than 4% in the past two sessions — having previously given up all gains from the aftermath of US forces capturing Venezuelan president Nicolás Maduro at the weekend. Traders are also paying the biggest premiums for insurance against a future rally since Israel and Iran exchanged air strikes in the summer.