Why have crude oil prices not spiked?

So if there are very strict sanctions on Iran's oil exports, then it will have a fair bit of an impact on crude oil prices. Because an important player, roughly 3% of global production, there will be disruption from that particular player. So this is largely I think this is mainly the key concern that the markets initially had around crude prices and Iran's contribution in all of that in subsequent casts. We'll take a look as to how markets are looking at this entire issue

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