Israel is unlikely to hit Iranian oil export installations yet

Following Iran's missile response to the killing of Hezbollah leader Hassan Nasrallah and Hamas chief Ismail Haniyeh, the oil market is now grappling with the potential for further escalation and Israel's likely retaliation. While we consider an attack on oil infrastructure possible, it remains unlikely for now. However, the risk of a broader escalation in the region is becoming increasingly difficult to avoid.