NEWS: Oil markets are pricing in a quick end to the Iran war. Not everyone’s buying it.

Brent hit $106 yesterday—up nearly 47% since the first strikes on Feb 28. Brent futures, meanwhile, plummet to around $80 by December, signaling that traders expect a resolution by then. 

Yes, but: Analysts caution that this doesn’t price in destroyed LNG infrastructure and enriched uranium stockpiles. As one investor put it: "One missile changes the equation."

Alaska’s moment? The Trump administration is seizing the conflict to promote an 800-mile LNG pipeline in Alaska. The concept has been kicking around for decades, but today federal officials want to court Asian buyers facing shortages. At CERAWeek, Energy Sec. Chris Wright called it “probably our single most important energy infrastructure project of this whole administration.”