Markets are still underpricing Iran war risks, investors warn as oil fluctuates around four-year high

Renewed fears about the trajectory of the U.S.-Iran war sent global benchmark Brent crude futures to a four-year high and rattled equity markets on Thursday — but analysts say investors are still pricing for peace and underestimating potential future risk. The latest step higher in oil prices came after Axios reported that U.S. Central Command is preparing to present U.S. President Donald Trump with plans for further possible military action against Iran, citing anonymous sources. …