Iran conflict: How oil market brushed off worst fears

  • Posted on June 24, 2025
  • By Business News Today
  • 2 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.
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