(Jan 28): 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. The global Brent benchmark has registered a call skew for 14 consecutive sessions, while the equivalent US marker has seen such a pattern for the 13 most recent trading days. “The focus on Iran continues,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management. “The market will likely remain nervous over the coming days.”The uncertainty is leading to chunky additions of bullish options contracts. It follows the busiest ever day of Brent crude call options trading earlier this month.

Source: The Edge Markets January 28, 2026 15:43 UTC