🚨Oil’s reaction to the US-Iran war is getting smaller. Brent crude has risen only around $2 since the MoU expired. This comes even after Iran reportedly shifted its war strategy from defensive to “fully offensive.” Compare that with earlier events: Feb 28, war begins: +$19.88 on market open Mar 9, Hormuz shuts: +$26.80 intraday Apr 8, ceasefire: -$14.50 in one day May 4, blockade threat: +$19.69 Jul 2, MoU signed: -$42.65 from the high Jul 13, blockade reinstated: +$7.30 in one day Aug 18, "fully offensive": +$2 Each escalation is now producing a smaller price reaction.(Coin Bureau)