As Israel-Hamas War Rages, Oil Traders Focus on Iran
- Traders don’t expect huge price reaction; escalation is key
- Shipping routes are also in focus as well as the US response
On deck of an oil tanker in the Persian Gulf, Iran.
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
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As oil traders prepare for the market to open after the sudden eruption of war in Israel, one question is key: will the conflict spread to the rest of the region?