Investors are regaining some appetite for risk amid rising optimism that the conflict won't spill over into a broader regional crisis.

Oil prices have risen in response to the Israel-Iran war, bringing them nearly back to the levels where they traded before the Liberation Day tariffs were announced on April 2. Oil stocks are trailing well behind.

When the conflict began on June 13, it led to a significant surge in oil prices. But come June 17, and all gains have been erased. Oil, which was trading north of $75 on June 13, was quoted at $69.77 at press time.

Bazan Group, operator of Israel's largest refinery complex in Haifa, said it had shut down operations after a power plant supplying steam and electricity to the complex was damaged in a barrage from Iran.

Oil prices are surging again. Over the past few weeks, crude has jumped more than 10% on the back of intensifying Middle East tensions. Israel has launched one of its most aggressive campaigns in years,

The Environmental Protection Agency has told staff overseeing the country’s industrialized Midwest– a region plagued by a legacy of pollution– to stop enforcing violations against the fossil fuel companies,

Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit.

Importantly, this shift in positioning occurred before last Friday’s dramatic escalation in the Middle East, when Israel launched strikes on Iranian nuclear facilities and senior military targets,” said Ole Hansen,