Why Oil Prices Depend on Iran's Export Terminals, Not the Latest Strikes

Israel struck Iranian military sites on October 26, 2024. Oil markets aren't fixated on the strikes themselves—they're watching whether Iran's export infrastructure survives intact. Iran ships 3.2 to 3.4 million barrels daily. If that pipeline closes, global oil gets tighter and prices rise. So far, the key terminals have been spared. If they stay intact, oil's war premium should shrink.