Why oil prices aren't even higher after Iran strikes

09 03 2026 | 12:01Ben Geman

Sure, oil prices have soared since attacks on Iran and counterstrikes began — but it's also possible the market isn't freaking out enough.

Why it matters: Consumers and companies worldwide will feel the effects of the conflict that's pushing up petroleum and natural gas prices.

Cover photo:   Aïda Amer/Axios

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