According to CoinMeta, oil prices have risen due to the clashes between the United States and Iran. On Sunday, the U.S. launched its first round of strikes against Iran's Larak Island over a month period, and in retaliation, Iran fired ballistic and anti-ship missiles, attacking two U.S. bases in Jordan. Although most of the missiles were intercepted, the geopolitical risk premium increased, driving up oil prices. The market is not keen on further military action, and the U.S. is seeking to force Iran to reach an agreement through economic warfare, which will limit the downward potential for oil prices. Overall, oil prices are likely to remain within a certain range, with diplomatic efforts continuing.