The Israel-Iran war has, so far, not sent oil prices soaring. That could change

Open this photo in gallery: Smoke billows for the second day from the Shahran oil depot, northwest of Tehran. Oil prices fell Monday, even as Israel and Iran intensified their attacks on each other.-/AFP/Getty Images Ever larger parts of the Middle East, responsible for a third of world oil production, are burning. Yet oil prices fell Monday, even as Israel and Iran intensified their attacks on each other. How can that be? On Friday, when Israel hit Iran and killed many of its military commanders and nuclear scientists, the oil markets went wild. Brent crude, the international benchmark, rose 13…