Prices

Oil futures jumped at 3% at the beginning of the first trading session, as the United States started direct attacks on Iran, throwing further shadows over the forecast of the Bakat’s oil region of the Middle East.

We have raw oil Sunday night rose $ 2.30, or 3.1%, up to $ 76.14 a barrel, and Global Benchmark Brent A $ 2.38, or 3.1%jumped, up to $ 79.39 a barrel.

President Donald Trump on Saturday was surprised by the announcement that Washington directly came into the Iran-Israel conflict by attacking three Iranian nuclear monuments in Ford, Natants and Isfahan.

Investors are now looking to learn how Iran reacts to unprecedented US strikes. Iran’s Foreign Minister said the Islamic Republic leaves “all options” on Sunday to protect its sovereignty. The initial rise in oil prices can facilitate if Iran does not respond, according to S&P Global Platts.

According to energy analysts. About 20 million barrels a day of raw materials, or 20% global consumption, passed through the Strait in 2024, according to Administration of energy information.

Iranian state media report this Iran’s Parliament has supported the closure Strait with reference to the senior legislator. However, the final decision to close the Strait lies in the Iranian National Security Council, the report said.

US Secretary of State Mark Rubio warned Iran from attempting Close the strait. The Islamic Republic will be “economic suicide” as their exports go through the waterway, Rubio said.

“We keep the options with this,” Rubio Fox News said. “It will damage the economy of other countries much worse than ours. I think it is a massive escalation that deserves not only us but also from others.”

In May, Iran released 3.3 million bar. According to the monthly OPEC report, published in June, which refers to independent sources of analysts. Last month, it exported 1.84 million bar. According to data from KPler.

Rubio urged China to use its influence to prevent Tehran close the strait. About half the imports of crude oil in Chinese water comes from the Gulf, on Kpeler.

“I urge the Chinese government in Beijing to call them about it because they are heavily dependent on the Horum Strait for Oil,” Rubio said.

Investors also observe the chances of further destabilization of the Iranian regime as a result of US-Israel’s hostilities, given the example of the long impact that Muammar Gaddafi’s ejection on Libyan supplies in 2011.

On Sunday, the Iranian Revolutionary Guard warned that “US bases in the region are not their strength, but rather their greatest vulnerability,” without determining certain sites, reports, Comments translated into Google, It is transferred to the Iranian news agency Fars.

From afar, but revived diplomatic connections between former Iran’s opponents and Saudi Arabia could spread the possibility of disruption to the supply of the world’s largest exporter.

“The Kingdom of Saudi Arabia to monitor the events of Islamic Republic of Iran, especially targeting the Iranian nuclear institutions of the United States of America,” the Ministry of Foreign Affairs of Saudi Arabia, “the Ministry of Foreign Affairs of Saudi Arabia – Note Sunday. The Riyadh, which is close to us in the Middle East, restricted his participation in the offensives of Iran-Israel.

Back in 2019 – four years before resuming diplomatic relations with Iran – Saudi Arabian oil installations in ABQAIQ and Hurais were harmful during the attacks that the Hussites stated, but for which Riyadh and the US stated that Iran was responsible. Tehran refused to participate.

With the restoration of the Israeli-Iranian fire last week, the main international energy agency Fatih Birol stated that the institution monitors the events and that “markets are well supplied today, but we are ready to act when needed,” with 1.2 billion barrels.