Oil prices held flat after Iran launched missiles at Kuwait, even as crude had already added more than 7% over the course of the week. "Little changed," in market terms, means a session where the price barely moved in either direction. That steady close came after the United States and Iran traded direct military strikes this week, the first time the two countries had done so since July.
The week's gain tells a different story from the single session. Oil climbing more than 7% in a week is a substantial move. It built as the United States and Iran exchanged strikes. Iran's missile attack on Kuwait arrived within that same period, and prices did not extend their gains after the attack landed.