Brent crude jumped 10 per cent to about $80 US a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 US after U.S.

Oil traders are quickly moving to hedge against potential risks related to Iran following a highly volatile beginning to the year in the oil markets.

Oil traders are increasing their bets on market risk as diplomatic efforts yield little progress in resolving geopolitical tensions.

Oil traders are reportedly rushing to hedge against risks associated with Iran, following a volatile start to the year in the oil markets.

Apparent network of energy companies’ vast reach revealed by FT

Oil Traders Rush to Hedge Iran Risk After Wild Start to Year  Bloomberg.com