Citi commodity analysts have downplayed the risk of a major oil supply disruption from the latest U.S. escalation against Iran, predicting limited military action against the country from the U.S. together with Israel. That said, however, Citi expects developments in the Middle East to keep the geopolitical premium on oil prices, citing potential tanker seizures among the options considered by Washington, Reuters reported. Brent crude settled above $70 per barrel for the first time in months on Thursday, with the rally fueled by the Iran escalation…