Observers said the limited impact on markets was mostly because the standoff is not expected to have a massive impact on global growth.
"It's wait-and-see mode here," said Steve Chiavarone, at Federated Investors."How much, if at all, do things escalate with Iran and does it ultimately impact the global economic outlook? Right now, not so much. Could it change? Sure." The strike on such a high-profile member of the Iranian regime has also raised the question of when and how, not if, Tehran will retaliate, which experts say will likely continue to support crude.
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