New Delhi, June 23 -- There won't be a prolonged disruption to oil supplies, as there is no likelihood of escalation in the US-Iran conflict, noted a research report by UBS.

A latest research note by UBS reveals that market participants will not witness prolonged disruption to oil supplies as they don't see escalation in the conflict.

"We believe that near-term downside in stocks could represent an opportunity for investors who are underallocated to equities to build positions," UBS said in a note.

The report, however, raises cautions that Iran's retaliatory attack on US bases, US allies, and energy infrastructure remains a clear risk, but the amount of damage remains unclear.

UBS believes that "Iranian military capabilities have alre...