Reported about 1 month ago
In the wake of escalating tensions between Iran and Israel, the oil market is experiencing increased volatility, with recent missile strikes testing traders' confidence. Despite significant geopolitical risks, oil supplies remain unaffected so far, leading analysts to adjust price forecasts and consider various scenarios ranging from potential price surges to steep declines. The looming threat of disruptions, particularly through critical shipping routes, continues to make traders cautious as they navigate this uncertain landscape, reflecting on past incidents where fears often outweighed actual market impacts.
Source: YAHOO