The recent conflicts in the Middle East have had a strong impact on the global oil market, with consequences that are likely to last even after the eventual opening of the Strait of Hormuz. This is the assessment of UFRJ Geopolitics professor, Fernando Brancoli, during an interview with WW.
According to Brancoli, even if the strait is released for , the water is not expected to fall anytime soon. “Even if the strait opens now, as we have already started to see attacks on energy production facilities, the chances are quite clear that oil will not fall anytime soon,” he said.
The professor also commented on the inconsistency in the justifications presented by the American government for attacks against Iranian facilities. According to him, there are clear contradictions between the statements of American President Donald Trump and the information provided by the intelligence services during hearings in the United States Congress.
“The main point, it seems to me, is that the justifications for the action, be it the complete destruction of Iran’s uranium enrichment production arsenal, vary depending on who you asked throughout the day at the commission,” explained Brancoli, highlighting the chaos in the intelligence elements that underpinned the military operations.
The expert also warned of the global economic effects of the conflict, predicting an increase in food and beverages in the United States. He recalled that the American midterm elections will take place in November, when there could be a possible change in the leadership figures in Congress, a factor that adds complexity to the current geopolitical scenario.
