Israel Pledges to Spare Energy Sites, Iran Keeps Striking, More

Israel pledged to spare energy infrastructure while Iran continues striking targets, reducing immediate risk to oil and power facilities but leaving regional tensions elevated. The mixed signal should temper the likelihood of outright supply disruptions but sustain energy-price volatility and a higher regional risk premium, which could pressure oil and risk assets until attacks subside or de-escalation occurs.

Analysis

Israel pledged to spare energy infrastructure while Iran continues striking targets, reducing immediate risk to oil and power facilities but leaving regional tensions elevated. The mixed signal should temper the likelihood of outright supply disruptions but sustain energy-price volatility and a higher regional risk premium, which could pressure oil and risk assets until attacks subside or de-escalation occurs.