RE:RE:Limited damage according to Iran?That was already understood and factored into oil prices as news last week suggested that oil facilities were likely to be exempted from strikes.
It's beyond absurd that the escalation of war is highly bearish corresponding to a -6% decline to oil prices!
Israel isn't done with Hezbollah or Iran yet and when they do strike, given the pattern we can expect oil to decline into the high $50s
So this is how it works:
Israel doesn't strike, oil falls
Israel strikes, oil falls
War escalates oil falls
peace is discussed, oil falls