What’s Hot: Is oil sufficiently pricing in geopolitical risks?

Israel has responded to Iran’s attack of 13th April with a largely symbolic strike. While Iran sent 300 missiles and drones into Israel in a very public display, the details of Israel’s 19th April counterattack remain limited. Israel, while conducting the counterattack appears to have tried to appease United States and its other allies by not overly escalating the situation. Oil markets largely shrugged off the latest events.