Oil Market Cautious Amid Tensions
This is a Iran news story, published by Yahoo Finance, that relates primarily to Brent news.
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Oil futuresReuters
•Plentiful oil supply dampens industry reaction to rising geopolitical tensions
79% Informative
Oil markets have had a muted reaction to rising tensions in the Middle East , a sign of just how well stocked oil supplies are.
The global oil benchmark Brent jumped 5% on Tuesday after Iran attacked Israel in retaliation for its campaign against Hezbollah in Lebanon .
The price of Brent settled on Tuesday only 2.6% higher at $ 73.56 , however, broadly in line with last week's levels.
OPEC+ is set to start raising output later this year .
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