JP Morgan Bank analysts believe that a “negative” scenario can be provoked by stopping exporting oil from Iran.
Oil prices can fly up to $ 130 per barrel, if the “worst scenario” is implemented in a Iran-Israel conflict situation. This is stated by the largest analysts in the United States in the size of the JP Morgan Bank assets, Reuters reports.
The jerk of excerpts up to the maximum from 2022 will be possible if Iran completely loses oil export – 2.1 million barrels per day – and military risks will take place in the Ormuzian Strait, where most OPEC oil is brought.
“In this difficult situation, we believe oil prices can rise to $ 120-130 per barrel,” said bank representatives.
The cost of Brent’s oil futures lasted 13%, up to $ 78 per barrel after Israel’s news strike in Iran on Friday, June 13. Later, quotes rolled back to $ 74.2 (+6.9%).
As we have written, oil prices increased significantly after the onset of Israeli’s attack on Iran.
Remember that on the night of June 13, Israel struck Iran’s objects related to the nuclear program, explaining it by wanting to avoid Iran with nuclear weapons.
Ayatollah Ali Khamenei confirmed the death of a certain number of people from the command and pledged to the revenge of Israel.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.