Oil Prices Volatile Amid Hormuz Strait Concerns
Oil prices could remain above $100 per barrel through the end of the year if the Gulf crisis continues, according to scenarios discussed on BBC Radio 4. Analysts warn oil prices could hit $120, $150, or $200 per barrel if full-scale war breaks out. Traders reacted to Donald Trump's comments regarding the end of the war by interpreting them as a signal of a potential total blockade of the Hormuz Strait, causing panic buying of oil futures. The crisis has reportedly created a new funding line for Iran, as they can charge approximately $1 million per ship to transit the strait. It is expected to take a long time for the global economy to return to normal trade flows. Before the conflict in the Persian Gulf, Brent crude prices were trading at 73-74 dollars per barrel. Such a price surge would bring the global economy close to an energy-driven recession threshold.
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Sources · 7 independent
“if the crisis continued, the oil price stayed where it was this morning until the end of the year and remained above $100 and gas prices were higher too, inflation could end up at 6%.”
“Petrol'un varil fiyatı 120 doları da açtı. İran meclis başkanı Kali Baf göz dağıverdi 140 doları işaret etti.”
“Ulusal arası piyasalarda varil fiyatı 120 dolara açtı. Artışta ABD leğinin arasında tırmanan gelilim belirleyici oldu.”
“Petróleo dispara a US$ 126 após ameaça de bloqueio prolongado dos EUA ao Irã.”
“Brent crude prices rose about 3% overnight, briefly climbing above $120 a barrel. Meantime, a new Kepler report shows Iran is losing as much as $250 million a day in oil revenue and is running out of space to store oil.”
“Oil prices have hit a new high since the start of the U.S. and Israel's war with Iran. The price of a barrel soared above $120 before pulling back”
“Oil prices have hit a new high since the start of the U.S. and Israel's war with Iran. The price of a barrel soared above $120”
“Die Rendite von Bundesanleihen ist seit dem Ausbruch des Irankrieges deutlich angestiegen. Das hängt damit zusammen, dass die Energiepreise stark gestiegen sind.”
“Feske-Zinsen seit dem Ausbruch des Irankriegs so stark gestiegen wie seit 2023 nicht mehr. Auch wenn die EZB also erst einmal die Pausetaste drückt, die Märktepreise in den nächsten Zinsstress schon längst berechnet.”
“Слишком высокая цена нефти может навредить рынку, заявил в видце пример Александр Новок. По его словам, ближний восточный конфликт лишь краткосрочно повлияет, позитивно влияет на экономику, поскольку в России получают дополнительные доходы.”
“le baril de Pétrole a atteint un niveau inédit depuis 2022 ce matin au-delà des 125$ le baril parce que Donald Trump envisage un long blocus du détroit d'Ormouse”
“the price of a barrel of oil exceeded 120 dollars.”
“the price per barrel of oil exceeded 120. This follows reports that Donald Trump prefers a long-term blockade of the ports of Iran and the Strait of Hormuz”
“В среду цена забары ль нефти превысила 120 долларов. ... появились сообщения о том, что Дональд Трамп предпочитает долгосрочную блокаду портов Ирана и армузского пролива”
“Всереду цена за бар ілл нефти превисила 120.”
“по енергетичній системі Ірану. Всереду цена за бар ілл нефти превисила 120.”
“Джером Пауэл дал пресс-инференцию, на которой предсказал высокую инфляцию в ближайшем будущем из-за войны на Ближнем Востоке.”
“Всереду цена за бар ілл нефти превисила 120. Іх очередний резкий іскачок був зафіксував, після того, як появились сообщення, що Дональд Трамп предпочитає долгосрочну блокаду портов Ферану і армузського пролива”
“esperaba una contracción en el precio, finalmente será un alza de hasta 35 pesos por litro en el caso de las bencinas de 93 y 97 octanos.”
“esperaba una contracción en el precio, finalmente será un alza de hasta 35 pesos por litro en el caso de las vencinas de 93 y 97 octanos.”
“The expectations point to more expensive fuels in the short term, moving away at least for now the possibility of relief for consumers.”
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