Iran conflict: How oil market brushed off worst fears
- Posted on June 24, 2025
- By Business News Today
- 1 Views

Iran conflict: How oil market brushed off worst fears

Oil prices initially rose after the Israel-Iran conflict. However, they soon stabilized. Markets saw US involvement as a sign of de-escalation. Iran's limited response and a ceasefire further eased concerns. Strong market fundamentals, increased OPEC+ output, and US strategic reserves contributed to stability. The Strait of Hormuz remained open.