Reported about 19 hours ago
Oil prices fell over 7% as Iran's retaliation to US military actions did not target energy infrastructure, alleviating fears of a major disruption in Middle Eastern oil supplies. Despite initial concerns after Iran launched missiles at a US base in Qatar, there have been no reported impacts on oil flows, including through the critical Strait of Hormuz. This response has led analysts to suggest that Iran is opting for a strategy aimed at de-escalation, rather than an aggressive closure of key shipping routes.
Source: YAHOO