Oil options market keeps escalation risk despite ceasefire

14th April, 2026

Zak Jakubowski

Brent crude options signalled a sharp shift towards de-escalation following the recent US-Iran ceasefire, but traders continue to price a meaningful risk of renewed conflict, according to analysis.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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