Iran-Israel’s tensions spooked oil markets | Oil and gas news

Israel’s Click on military and nuclear sitesand Iran’s revengealready shaken global supply chains.

Tehran and other airports in the airline, airline, Tehran and the region are suspended in the crossroads, oil companies, transport firms and regulatory bodies.

The merchant shipping is still through the throat, with caution with caution. Iran previously threatened to close this critical trade route in response to the West. Such an actions also sent shock waves through global markets and the price of oil increased.

The latest rhetoric of the United States President Donald Trump did little to relieve these concerns. If there were no Iran “strike a bargain“More” can be “death and destruction”.

“If the United States is accepted to participate in any attack, the risk of escalation is growing significantly.

Oil prices rise

Brent prices in New York to 4.00 (20:00 GMT), the International Standard Prices are 5 percent higher than in yesterday.

Oil futures closed more than 13 percent in a sudden time since January has reached the highest levels.

The closure of the Strait of Hormuz, the strategic trade path between the Arabian Gulf and the Gulf of Oman, about 20 percent of the world Global oil speech is traveling, probably, will further increase oil prices. This can strengthen inflation pressure in a global scale and especially in the United States.

Price growth This week earlier in the United States previously comes in the United States in the United States in a better consumer price index report. Energy costs remain as a basic inflation drive. In fact, gasoline prices fell by 2.6 percent in the period. The sense of consumer was eased for the first time in six months later. However, according to JPMorgan Chase analysts, the new conflict can shorten the expressions of US consumers.

Wait and see

“Sustainable profitability in energy prices can change the trend for a long time in the month of cooling in the United States,” said researchers, “For JPMorgan said that the higher energy prices can drive higher energy prices – campaign promises,” Analysts, Prateur Kedia and Lyuba wrote Savinov.

Markets were reduced to more news. S & P 500, Dow Jones Industrial Averts 1.7, while NASDAQ is 1.3 percent lower.

“Today, this is a bit affected because it is from markets, so that Iran is such a significant part of the global oil supply. Rahim, the 2040’s recommendation, said Rahim Al Jazir, who is an independent geopolitical strategist and basic.

If the shipping was suspended by the critical sea, it was temporarily, the International Energy Agency has given a good Leave emergency resourcesif necessary. But it comes with a risk of exhaustion.

There are 1.2 billion barrels in strategic resources. The world uses about 100 million barrels per day.

“Now, now, now,” Matter Gertken, Matter Gertken, Macroeconomic research company, MATEROMTICAL research company, MATEROMMIC research company, is the macroeconomic research fame.

OPEC Secretary General Haitham Al-Ghais said that the IEA could release the strategic resources, “Increased the need for the needless needs to use fat ambulance and increasing the unnecessary feeling of projects,” he said, criticized the IEA.

This comes within the growing pressures to increase the speech of the Group of Nations. At the beginning of this month, OPEC + members agreed to increase production of 411,000 barrels for July.

Hormuz Strait remains open so far. Countries, including Greece and the United Kingdom, prevents the water road between Yemen and Somalia, which connect ships to Israel, and recommended all their journeys again by Reuters.

Further increase on the horizon?

Iran can attack Iraq to reduce global oil supply to increase tensions. In January 2024, Iran attacked Iraq, which was revenge for armed attacks in its territory.

“We must assume that both Iran and Iraq will lose oil production, which will be seen in five to seven million barrels a day,” he said.

Gerken believes that Iran will do this to the West.

“Some oil supply should be taken, but Saudi Arabia should not attack or close the Strait of the United States. Some communications (and accused) must take some military group (and accused).”