After U.S. military strikes on Iranian nuclear targets, global markets reacted with cautious optimism. Oil prices initially surged but later stabilized, indicating investor uncertainty surrounding Iran's potential response. Analysts speculate that the conflict may be short-lived if the U.S. hit effectively curtails Iran's nuclear ambitions. However, the fate of oil prices and overall market stability remains tied to Iran's reactions, as their strategic position in the Strait of Hormuz could significantly impact global oil transit.
"I believe what we are thinking is or the thinking is that it is going to be a short conflict. The one big hit by the Americans will be effective and then we'll get back to sort of business as usual."
"The situation remains highly fluid, and much hinges on whether Tehran opts for a restrained reaction or a more aggressive course."
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