Oil markets are starting to price “chaos rather than crude”, as traders rush to protect against a price surge driven by escalating tensions around Iran and Venezuela, the CEO of global financial advisory giant deVere Group has warned. “Oil traders are effectively placing bets on chaos. The rush into upside protection reads like a referendum on geopolitical stability — and the verdict is brutal,” warned Nigel Green as record demand for protection against rising oil prices shows traders are bracing for a sudden shock. The deVere chief executive said markets are treating Iran as a potential systemic event, rather than The post Oil markets ‘price chaos’ as Iran tensions drive record hedging appeared first on Financial Mirror .