Oil prices could surge on Monday due to new escalation in the Middle East
Kyiv • UNN
Brent crude exceeded $112 amid threats of attacks on energy facilities. Trump issued an ultimatum to Iran regarding the unblocking of the Strait of Hormuz.
Global oil prices are likely to continue rising at the beginning of the week after a sharp escalation of the conflict between the US and Iran. Brent crude has already reached its highest level in almost four years, exceeding $112 per barrel. This is reported by Reuters, writes UNN.
Details
The reason was mutual threats between the parties regarding strikes on energy infrastructure. Donald Trump issued an ultimatum to Iran to open the Strait of Hormuz, threatening strikes on energy facilities, while Tehran stated its readiness to attack the infrastructure of US allies.
Markets react to disruption risks
Analysts warn of a sharp price increase in the coming days.
President Trump's threat created a 48-hour ticking time bomb
Other experts point to the risk of large-scale escalation.
This means further increases in oil prices and a threat to the infrastructure of the Persian Gulf
Threat to global supplies
Due to restrictions on movement in the Strait of Hormuz, the world has already lost a significant portion of its oil supply. Restoring logistics could take months, exacerbating fears of a global energy crisis.
Against this backdrop, the US administration is considering new scenarios for pressuring Iran, including control over key oil facilities, which could further exacerbate the situation in the region.
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