What does the expanding military confrontation in Iran mean for oil prices? Here are what experts say.


This US military strikes in Iran Although the impact of the oil and gas industry affect, including the expansion conflict may result in higher energy prices of Americans.

Oil prices jumped 4% shortly after the start of trade on Sunday, but the specialist said it was difficult to close Iran StraitA large commercial waterway, which is strategically important for the country’s defective and global markets.

Again, the geopolitical crisis, worsening concerns, probable gas and other energy costs, as well as the supply of gas, which are cleared from gas, and other products are also concerned. Iran said it was Monday Launched an attack The United States said they saw the Udeid air base in Qatar, witnesses, more than one news agency in the country.

A large raw manufacturer manages the northern side of the Hormuz Strait, used by ships carrying about 20% of the world’s daily oil supply.

“In practice, the efforts of the throat use the vessels using vessels using the vessels, using vessels using vessels, navigation and capital economy, head climates and trade economists, head climates and goods economy.

However, he has long been limited to restrictions on the lowest level of action in the global energy prices that the conflict has been limited to today, it lasts for a long time due to a long-term warfall in global energy prices and

Here’s what you need to know About the Iranian conflict potential impact on oil and gas prices.

What is the price of oil so far?

On Monday, the prices of the international standard, the prices of the International Standard, the price of international standards, 0.1% in the afternoon are immersed. West Texas Intermediate (WTI) crop, the US criteria fell from 3.8% to $ 71.06.

Again, before the enmity between Israel and Iran, the price of oil is above its own level, when a barrel wti approaches $ 68.

Although Wall Street experts are less likely to close the Strait of Iran, the tension in the region has violated the energy market and prices flew.

“Perhaps the Iranian oil supply, Iranian oil supply or attacks of Iranian oil production and export facilities in Iraq will be oil supply or attacks in Iraq, and the attacks of Iranian oil production in Iraq, said June 23.

So far, Israel has so far prevented Iran’s oil export industry. But if it did, such strikes, according to political risk advice, can break the flow of several million barrels of brent raw prices over a few million dollars.

What would happen if the Hormuz shut the throat?

Because the strait of Hormuz is a total of 21 miles in the narrowest point, it is sensitive to violation. The canal connects the Persian Gulf with Oman Gulf and Arab Sea.

Energy experts have not been able to close the throat, it stressed that energy prices resulting in negative economic and geopolitical influence on Iran, and energy prices resulting in the increase in oil flow via the transition.

According to a branch of oil cutting through the canal, USA, India, Japan and South Korea, in China, India, Japan, Japan and South Korea affect the markets.

Map of the Persian Gulf and Hormuz Strait

Map of the Farsi Gulf and Hormuz, which shows the traffic of Marine Tanker in September 2024.

Halini LePetit-Cherla, Omar Kemal / through Getty Images via AFP)


The United States imports only 7% of oil through Hormuz Strait. However, any intervention of transportation of the area can affect the global oil market, according to experts.

“(W) Hile Iran has not yet targeted the route, a limited violation will seriously affect global supply,” Oxford economists said in June 20 client. “In a worst scenario, prices analogy of the spokesman and global GDP for a barrel and 0.8 percent from global GDP.”

The last time the Brent crude oil was $ 130, in 2008, in energy demand and uncertainty in world energy supply, according to to EIA. At that time, gasoline prices are about $ 6.26 per gallon after adapting to $ 4.11 or inflation for a gallon.

What is the forecast for US gas prices?

American drivers are expected to see higher gas prices in the pump in the next week, prices are 10 kopecks and 15 kopecks, Gasbuddy analyst Patrick Dehaan.

“All most / last and expected growth are related to the Middle Eastern tension / condition,” said CBS Moneywatch Email.

Even with this increase, US drivers will still pay less than a year before. The average US average gas price now falls $ 3.22 per gallon, a year before $ 3.45 per gallon.



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