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Iran’s Attack on Israel Not Expected to Directly Disrupt Oil Supplies: DNB

OIL

Iran’s retaliatory strike on Israel following the latter’s strike one of its diplomatic buildings in Damascus is not expected to disrupt oil markets, according to DNB Markets' Helge Andre Martinsen, cited by the WSJ.

  • Despite the international calls to de-escalate the conflict, Israel will likely look to retaliate, but could shift to covert operations rather than airstrikes, likely bringing the conflict back into a more shadow war.
  • "Israel will be evaluating types of retaliation and a range of potential targets, but we do not expect Iranian energy infrastructure to be high on the list," Martinsen said in a note. “Still, the situation could quickly change over the coming days.”
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