Analyst: Attack does not affect oil supply, Iran can save face

According to BlockBeats, on June 24th, Iran's retaliatory strike on the US base in Qatar was not as severe as investors had feared, easing market concerns that the conflict would immediately interrupt Middle Eastern supplies and causing oil prices to fall. After Iran launched missiles at the US base in Qatar, US oil prices plummeted by 4%. Traders were concerned that Iran's retaliatory response would involve closing the Strait of Hormuz, through which about one-fifth of the world's oil passes. Although some initially feared that Iran would disrupt supplies in retaliation against the United States, this concern has since diminished. In my opinion, this seems to have been carefully planned. Iran attacked an empty US base, issued numerous warnings in advance, closed its airspace, and provided evasive guidance, "said Harry Tchilinguirian, head of research at Onyx Capital Group." Iran responded with face saving measures by staying away from the Strait of Hormuz