Financial markets may still manage to avoid panic despite the rising oil price risks stemming from the ongoing crisis in the Middle East. Recently, oil prices surged by over 4% as Israeli forces advanced into Lebanon and Iran launched missile strikes against Israel. The situation escalated as Israeli troops entered Lebanon, coinciding with Iran's missile attacks on Israel, raising concerns about a potential spike in oil prices that could lead to another wave of global inflation. As a result, oil prices climbed to approximately $75 per barrel on Tuesday. Analysts are closely monitoring the developments, as the geopolitical tensions in the region could have significant implications for the global economy.