Oil prices lifted after report that israel is considering strike on iranian nuclear facilities
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"The market isn’t pricing in a full-scale escalation between Israel and Iran, at least not yet," Priya Walia, an analyst at Rystad Energy, said in a note. "Even with the
Strait of Hormuz accounting for nearly 26% of global seaborne crude exports, traders are reacting to the risk of disruption, not to a complete shutdown."