The news that Iran and Israel clashed again "added fuel to the fire" to the oil price of the huge earthquake.

Just as international oil prices jumped up and down a giant freighter stuck in the Suez Canal, the fate of another freighter suddenly overtook the attention of the market, showing once again the complexity of the underlying fundamentals of crude oil.

According to the local Israeli media "Channel 12" reported that an Iranian missile hit an Israeli cargo ship from Tanzania to India, but the media did not disclose the source or details of Iran's actions. It is reported that the ship has suffered some damage, but it is still able to sail.

Affected by the news, the price of Brent crude oil rebounded slightly from an intraday low of $61 a barrel, which plunged 6% on Tuesday due to the escalation of the European epidemic and rose 6% on Wednesday under the disruption of the Suez Canal. As of Thursday, it was down nearly 3.7% at $61.76.

To be clear, Thursday's conflict was not accidental, and friction between Iran and Israel has been constant in recent months. Earlier this month, Iran blamed Israel for the bombing of its cargo ship in the Mediterranean. Earlier in February, Israeli officials accused Iran of being responsible for the explosion of an Israeli cargo ship in the Gulf of Oman, which Iran denied.

Similarly, according to Israeli media reports last week, Israel has bombed more than a dozen Iranian oil tankers over the past few weeks, resulting in accumulated losses of billions of dollars.

The main focus of the frequent attacks between the two countries remains the foreign policy of the new Biden administration, who had previously expressed his willingness to return to the 2015 Iran nuclear agreement. The US government previously withdrew from the agreement in 2018 and imposed a number of sanctions on Iran. Iran, on the other hand, stressed the need for the United States to lift the sanctions imposed by the United States to return to the negotiating table.