An analysis laid out five reasons why oil has not surged despite five months of the Iran war, Taiwan's United Daily News reported, pointing to market-stabilizing factors.

First, diversified global crude supply has spread the shock of region-specific risk more than in the past. Rising output from non-OPEC producers such as the U.S. has acted as a buffer, analysts say.

Second and third: major nations' strategic reserves and high inventories, and weak demand from a slowing economy, are cited as curbing price rises. Even with supply worries, prices struggle to rise if demand does not support them.

Fourth and fifth: key shipping lanes remain unblocked, and markets show a learned response to geopolitical risk. Still, if conditions worsen, this balance could break at any time.

Sinophone Bridge Times reads energy markets as interactions of the world economy, not the interests of any camp. Oil's direction ties directly to prices and living costs, affecting everyone's household regardless of nationality.