Oil market desensitized to US-Iran geopolitical headlines, limiting price impact

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The oil market has become desensitized to geopolitical headlines involving US-Iran strikes, leading to only a modest $2-$3 increase in Brent and WTI crude prices, unlike previous similar events that would have caused a $10-$15 jump. This muted reaction suggests market fatigue and a 'knee-jerk reaction higher' that will likely lead to 'buyers' remorse' and a reversal of the initial price increase.