The aggravation of the conflict can provoke interruptions to providing energy to Asia, increase inflationary pressure and influence economic growth in the region.
With US missile strikes at Iran’s nuclear facilities, analysts expect to increase oil prices to $ 80-100 per barrel. Reuters reported it on Sunday, June 22.
So far, financial markets have not reacted to the situation because they are closed on the weekend, but cryptocurrencies have experienced losses: Ethereum has become more than 5%, while Bitcoin lost 1%.
Looking forward to the first reaction to the trade opening on Monday.
“The oil, of course, jumped on the price against the background of the first news, but perhaps stabilized after a few days. In showing this strength and the complete destruction of the nuclear potential, all levers of influence and maybe clicking the” Flight “button in a peace agreement,” said Jamie Cox, Harris Financial Group management.
Analysts specifically concerned about the possibility of preventing narrowing of the narrow, with nearly 20% of global oil carrying. Due to the case of a difficult Iran response, the price could have reached $ 100 per barrel, warning it, in particular, in MST Marquee. Other experts, such as F/M investments, expect a short -term jump to $ 80.
According to Eastspring investment analysts, the worsening of the conflict can provoke disruptions to the Asian energy supply, increase inflationary pressure and influence economic growth in the region.
Due to the high geopolitical risks, investors may seek safe ownership, including the US dollar, while risky ownership in Asian markets are missing in value.
Earlier it was learned that Iran had begun an urgent export of oil from the country against the back of the threat of new blows from Israel and the US climbing in military operations in the region. Tehran hurried to load his tanks and sell oil as quickly as possible.
Oil prices jump against the background of Israel’s attack on Iran
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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.