More tense than the Russo-Ukrainian war! The conflict in Iran has ignited bullish sentiment in the crude oil options market.

According to the The Securities Times APP, the current situation in the oil futures market is more bullish than after the outbreak of the Russia-Ukraine war in 2022. This reflects that the global market is in a tense state, as there is conflict between Israel and Iran, and there is increasing speculation that the United States may join this attack. As of the close on Tuesday, the spread between buying Brent crude oil bullish options (options that profit when oil prices rise) and bearish options has reached its highest point since 2013. At the same time, the implied volatility index has also risen sharply, as the trading volume of options contracts in recent days has been higher than usual.