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Iran risk reverses the "oil narrative" as Brent crude call option volume hits record high on Monday, with traders urgently seeking "protection for short positions."

Iran risk reverses the "oil narrative" as Brent crude call option volume hits record high on Monday, with traders urgently seeking "protection for short positions."

``` The oil market is undergoing a dramatic reversal in sentiment. Concerns over supply disruptions triggered by protests in Iran have prompted traders to buy call options on an unprecedented scale, seeking to hedge against the risk of price surges and completely changing the market’s earlier pessimistic expectations of oversupply
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Investigation into Powell sparks infighting? FHFA director accused of being behind the scenes, Bessente warns of "creating chaos," White House says Trump did not instruct the move.

Investigation into Powell sparks infighting? FHFA director accused of being behind the scenes, Bessente warns of "creating chaos," White House says Trump did not instruct the move.

Some reports on Monday, the 12th, Eastern Time, indicate that the U.S. Department of Justice's criminal investigation into Federal Reserve Chairman Jerome Powell has led to infighting within the Trump administration. Media leaks claim that U.S. Treasury Secretary Bessent directly expressed dissatisfaction to President Trump on
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