Analysis: Why oil prices have not risen more despite the ongoing Iran conflict

Oil prices stay surprisingly low despite Iran war as analysts question whether Trump controls the conflict

Despite ongoing U.S. military operations in Iran and significant regional instability, oil prices have not risen to the levels many analysts predicted, prompting examination of why markets remain relatively calm. Some analysts suggest the muted price response reflects trader skepticism about the conflict's duration and Trump's ability to maintain unified command over its prosecution. Questions about whether Trump has effectively lost strategic control of the Iran war — given Israeli unilateral actions and internal White House divisions — have added to the uncertainty.