U.S. Strikes Iran Again as Brent Slips Despite Escalating Conflict

The oil market is treating another US-Iran escalation as background noise. The U.S. launched another wave of strikes against Iran on Wednesday, expanding attacks on military targets along the country's southern coast. Brent crude barely flinched. The global benchmark traded around $84.65 per barrel Wednesday afternoon, down slightly on the day despite another escalation in the fight over the Strait of Hormuz. U.S. Central Command said Wednesday's operation targeted Iranian coastal defense systems, cruise missile storage sites, launch positions,…