Israel retaliation may target Iran oil infrastructure, analysts say

The oil market saw a spike in prices this week after Iran launched a ballistic missile attack against Israel, raising concerns about supply disruptions in the Middle East. Analysts warn of potential retaliatory strikes on Iranian oil infrastructure, which could impact global oil prices. OPEC has spare capacity to offset any disruptions, but the situation remains unpredictable due to escalating geopolitical tensions. The market is closely watching for any further developments that could impact oil prices.