On June 24, Iran's response strike on the US base in Qatar turned out to be less severe than investors feared, easing concerns that the conflict would immediately disrupt supplies in the Middle East, resulting in a drop in oil prices. American oil fell by 4% after Iran launched missiles at the US base in Qatar, following fears among traders that Iran's response would include the closure of the Strait of Hormuz, through which about one-fifth of the world's oil passes.

Although there were initial fears that Iran would disrupt supplies in response to the United States, those fears have eased. "I think this was orchestrated when Iran attacked an empty U.S. base, issuing a large number of warnings in advance, closing airspace, and providing instructions for evasion." Harry Chilingviryan, head of research at Onyx Capital Group, said: "Iran reacted in a way to save face.