金融市场

Oil market shrugs off fears of wider war after Iranian strike on Israel

The price of Brent crude was flat but experts warn of volatity in the event of Israeli retaliation

Oil prices were muted as markets reopened following Iran’s military strike on Israel, as traders shrugged off fears the conflict could escalate into a full-blown war and curb supplies from the region.

Brent crude, the international benchmark, was flat at $90.45 a barrel as trading began in Asia on Monday morning. West Texas Intermediate, the US marker, was also broadly unchanged at $85.72/b.

The subdued reaction suggested markets were betting that the fallout from the strike would be contained after Iran said it considered the matter “concluded” and Washington sought to de-escalate tensions.

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