Oil Prices Steady After Hezbollah Leader Killed with Eyes on China's Stimulus

Oil prices steadied as markets assessed the geopolitical impact of Israel's killing of Hezbollah leader Hassan Nasrallah and China's economic measures. Oil prices have stayed low this year, as Middle East tensions have not disrupted supply, and global production remains strong. Despite weaker demand from China, Beijing has recently implemented an economic stimulus. Analysts noted the limited geopolitical risk premium in oil prices and a shift in market focus to strategic long-term supply management.