Iran's efforts to control the Strait of Hormuz are sustaining an oil price risk premium, but it is far less than it might be, reflecting a less sensitive market.

The global oil market absorbed record supply disruptions during the Iran conflict without triggering a prolonged price shock. But analysts warn that depleted strategic reserves,…

Oil market uncertainty remains high, as analysts debate whether lower prices will spur stronger demand while importers prepare for the possibility that Iran and Oman could impose…