Suppose that you are holding put options on Mobile Oil Corporation with a strike of $112 that will mature in two months. Nigeria has just declared war on Saudi Arabia, but the stock price is so far unchanged. The price of your options would?

a. Increase, because the price of oil is likely to increase

b. Increase, because the price of oil is likely to decrease

c. Decrease because the price of oil is likely to decrease

d. Decrease because the price of oil is likely to increase

e. Increase because perceived oil market volatility will increase

please explain