Brent crude oil off its highs in Asia, holding above USD74 - attack on Iran cocnerns

An ICYMI from Axios:

• Israeli officials staring down all-out regional war tell Axios Israel will launch a "significant retaliation" to Tuesday's massive missile attack within days that could target oil production facilities inside Iran and other strategic sites.

Here is the link for more.

We had the heads up on all this way back earlier in the week:

• start of a ground operation in Southern Lebanon ... Markets are concerned about escalation in the conflict, especially oil traders.

Brent update: