Iran conflict: Why has oil stayed near $100 a barrel?

Despite the ongoing conflict in Iran, the worst-case scenario for oil prices has been averted, with oil remaining near $100 a barrel. This situation, however, continues to impact the global economy. Inflation and slower growth are persistent challenges. The article does not specify the exact timing or location of these events beyond the general context of the Iran conflict, nor does it detail the specific actors involved in maintaining oil prices or influencing economic conditions. The primary focus is on the current state of oil prices and their broader economic implications.