The oil market showed signs of voltage due to the attack of Israel - prices for the immediate supply jumped, instability increased, and the concerns began to invest in gold, raising its value to record indicators. "We are again in the face of increased geopolitical uncertainty, which leaves the oil market on the hook and requires it to start setting prices with a higher premium for the risk of any potential disruptions with supplies,"-said the head of the Ing Groep N. V Rawb Strategy Department.
Warren Patterson. A sharp jump in oil prices compensated for the previous fall during the year. In one of the largest financial companies in the world JPMorgan Chase & Co. They warned that for the worst scenario, the price in the Middle East could reach $ 130 per barrel. The difference in prices between the two closest futures contracts for oil has increased even more, and this increased the Becardeshn effect when current supplies are more expensive than the future. The gap reached $ 1.
61 per barrel, although it was only 92 cents on Thursday. Another indicator is the difference between December contracts and 2026, which exceeded $ 2. 50. At the same time, the volatility of oil options, that is, how much the price "jumps" up and down has already reached the highest level in the last three years. The Iranian media reported smoke near the refining plant in Tabriz, but the national Iranian oil refinery and distribution company was assured of no damage to capacity and tanks.
The publication noted that a long rise in price of energy can accelerate global inflation. This will complicate the task of central banks, as politicians are trying to overcome the consequences of the US Commercial War. Saudi Arabia called for immediate termination of attacks on Iran. Although the main concern of the market will be the risk of supplies transferred, members of the OPEC OPEC oil countries have many free facilities that can be attracted.
In addition, the International Energy Agency can coordinate the release of emergency reserves for "reassuring" prices. The head of the raw market department in Rystad Energy A/S Mukesh Sakhdev assured that OPEC's reserve capacity has the potential to compensate for production losses in Iran. However, the potential Iranian retribution may include the blocking of the Strait of the Strait, which will make the use of free resources problematic.
The Strait is a narrow waterway at the Gulf mouth, through which approximately 25% of the world's oil trade. Iran has repeatedly attacked merchant vessels there and threatened to block the strait earlier. According to the older market analytics, Phillip Nova PTe Sachdeva, today, will show how much investors are ready to risk by investing in oil under conditions of instability, when prices are heavily fluctuating and trade becomes risky.
She explained that the exacerbation between Israel and Iran increases the risk of disruption to supply, as well as the spread of instability. We will remind, the Minister of Defense of Israel Israel Katz stated that it was caused by a "preventive blow". Iran's attack was explained by the nuclear program, the operation was called "a nation of lions".
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