By James Sillars, business news reporter You would think that an attack by Iran on Israel involving more than 300 drones and missiles would drive up oil prices.While Saturday's strikes failed to land a damaging punch, they have stoked fears of a wider Middle East conflict.But the financial markets have taken the escalation in their stride.Oil traders priced in the possibility of such Iranian aggression on Friday, 24 hours beforehand.As such, a barrel of Brent crude is actually 0.
Analysts say that the outlook depends very much on how Israel responds.Stock market sentiment has taken a slight knock.In London, the FTSE 100 followed Asia lower. It opened 0.2% down at 7,978.Energy stocks were the main drag.In wider UK stocks, car distributor Inchcape climbed 1.6% after it agreed a £346m deal to sell its UK dealership operations to car retailer Group 1 Automotive UK.
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