The consequences of President Trump’s targeted killing of Qasem Soleimani will play out over many months, but one notable and welcome response so far is the oil price that hasn’t spiked. The U.S. shale-oil revolution is delivering benefits far beyond faster economic growth.

Brent crude prices are up about 5% since the demise of Iran’s terror master, hovering around $68.50 a barrel in Tuesday trading. The big story here is how little oil prices have moved by comparison to prior periods of Middle East tension.
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