Surprisingly, oil prices still haven't skyrocketed after the escalation by the US.

That indicates market participants aren't yet convinced this will become WW3. I hope they're right about that.

Iran currently doesn't seem to have many options. Israeli and US planes have free rein in the air, making it difficult for Iran to launch large-scale counter-attacks.

So what's Iran's best option?

Look for soft targets to hit? Or come to the negotiating table?

We'll see.

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