Analyst: The oil market seems to consider the attack on Beirut by Israel as a one-time event

On July 31st, Jinshi data analyst OnurAnt stated that from the reaction of the oil market, investors seem to believe that Israel's attack on Beirut may be a one-time event and is unlikely to trigger a regional war. Brent crude oil prices were roughly flat before the attack news came out and fell by about 1.3% intraday.

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