ATEF Safadi / EPA
Iranian attacks to Telavive
Can the growing tension in the Middle East affect the price of oil and natural gas? For now, the situation is under control, but it all depends on the escalation of the conflict.
The Middle East, and this can reach our pockets, like what happened to the war in Ukraine, closer geographically, but not much different at the level of snowball effect.
The Israeli attack on Iran last Friday made the price of the barrel of oil to about 67 euros. As explained, the direct effect of the attack left the markets alert to the possibility of the region cutting the raw flow.
For now, however, the price has stagnated, and is far from the values that oil has reached after the conflict out of the conflict in Ukraine. The market may have already reflected a partial loss of Iranian production, support Deutsche Bank analysts, so prices will tend to remain stable, with US intervention, which will not want an increase in fuel price.
Estreito de Ormuz: The Great Focus
It is a small narrow in southern Iran, with 34 km wide, but it can be essential when it comes to the price of energy. There are about 20% of global offer of oil and 20% of liquefied natural gas.
Iran, a large exporter of oil – the 16th that exports the most Crude, according to – has already threatened in the past end this narrow in war retaliation.
Analysts explain that although it is an extreme measure and, at this stage, unlikely, it would be destructive as to the price of energy it concerns.
Lloyd’s List Intelligence, which monitors maritime traffic, assured that gulf shipping operations continued During the weekend, but the oil tankers waiting to carry in Iran now maintain a greater distance from Porto.
With an eye on this place, analysts closely follow the conflict in the Middle East, where there are the largest oil exporters in the world – and who are not afraid to make him play in his favor.
