Email discussing oil options, geopolitical risk around Crimea referendum and potential U.S. strategic petroleum reserve release

Email discussing oil options, geopolitical risk around Crimea referendum and potential U.S. strategic petroleum reserve release The passage links market‑making decisions on oil options to imminent geopolitical events (Crimea referendum, sanctions, EU gas dependence) and mentions a possible Obama‑ordered SPR release. While it provides specific trade ideas and dates, the actors are limited to generic references (Obama, Merkel) and a low‑level trader (Nav Gupta). The lead suggests a possible coordination between political risk and commodity trading, worth modest follow‑up, but lacks concrete evidence of wrongdoing or high‑level financial flows. Key insights: Nav Gupta advises on OTC oil options strategy amid rising geopolitical tension.; Mentions a planned meeting with "Kerry Lavrov" that is expected to fail.; Predicts a "yes" outcome for the Crimea referendum and consequent sanctions escalation.