Oil steadied after rallying around 10% since Israel started its attacks on Iran last week, as speculation the US may join the conflict stoked concerns about supply disruptions in the Middle East.

Oil steadied after rallying around 10% since Israel started its attacks on Iran last week, as speculation the US may join the conflict stoked concerns about supply disruptions in the Middle East.

The geopolitical risk premium in oil prices amid the Iran-Israel conflict is likely to be contained at around $5-$10, Fitch Ratings said.

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