Despite escalating geopolitical tensions between the United States and Iran spanning five months, crude oil markets have remained surprisingly stable, defying traditional expectations of volatile price spikes. Multiple stabilizing factors contributed to this market resilience: weakened demand from China's declining oil consumption, increased domestic US production capacity, strategic government reserve releases, and proactive supply chain management by major producers like Saudi Arabia. Additionally, market sentiment was tempered by Trump administration communications that influenced trader expectations and positioning in futures markets.

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