Oil prices experienced fluctuations as Iran downplayed reported airstrikes by Israel, leading to a temporary spike followed by a fall. Market reactions varied with panic easing over Israel's retaliatory actions, resulting in oil prices ending below day's highs. The oil market showed resilience despite tensions between Iran and Israel, with options trading surging and futures prices initially rising then fading. CNBC highlighted the oil market's calm response to the potential conflict between Iran and Israel.
Why the oil market shrugged as Iran and Israel appeared on the brink of war this week https://t.co/ekU3S3rX8n
Skittish Oil Market Enters an Uneasy Calm Over Middle East Risk Options trading has ballooned this week on Iran-Israel angst Futures prices surged on Iranian, Israeli strikes then faded #oott https://t.co/URKebKSNvN
Oil market shrugs off Israeli strikes on Iran https://t.co/5OWMFT5kF1
Oil markets shrugged off Israel’s retaliatory strikes against Iran after a shortlived jump in prices on Friday https://t.co/I9Oyp5DU3q https://t.co/MwfniHOPnI
Oil ends below the day’s highs as panic eases over Israel’s retaliation against Iran https://t.co/ztlo1RDR4j
Oil ends below day’s highs as panic eases over Israel's retaliation against Iran https://t.co/cMwQa6E8df
Oil price eases as Iran downplays attack https://t.co/VTS64Wj4KP https://t.co/tBndoIG3c8
Oil Prices Spike—And Fall—As Iran Downplays Israel’s Reported Airstrikes: Here’s How That Could Affect Gas Prices https://t.co/JqY3bWtBPd https://t.co/GHrbVdmyNl