Oil markets are bracing for sharp price spikes after the US-Israel attacks on Iran and Tehran's retaliation. Iran's role as a major producer matters, but its strategic position is keeping traders on edge.
The US-Israel attack on Iran and Iran's aggressive response have unnerved oil markets, with many analysts predicting a massive rise in oil prices.
While Iran is responsible for just 3-4% of global oil output, its proximity to the Strait of Hormuz, co... [6532 chars]