Why oil prices are falling despite escalating war in the Middle East

Instead of pushing up oil prices, the Israeli troop invasion of Lebanon was actually met with a decline. Analysts said that “for once, oil's lack of reaction to geopolitics seems reasonable.”

The market most sensitive to geopolitical tensions in the Middle East, namely oil, was already down 9% in September, and despite this avoided the shock this time in response to a new dimension where the escalation of war enters the next area

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