Analyst: Iran will not close the Strait of Hormuz.

Rabobank analyst Robert Yawger said that the oil market believes that Iran's recent attack shows that its ability to respond is ineffectual and it did not reduce any oil from the market. "I don't think Iran will close the Strait of Hormuz. In any case, it would be shooting themselves in the foot. If they close the strait, they will cut off exports to their major customers."