An expected rise in oil prices after the Iranian parliament voted to close the Strait of Hormuz
Analysts suggested that oil prices rise by 3 to 5 dollars a barrel when the trading resumed at ten o’clock GMT on Sunday evening, in the wake of the American attack on Iran, while it is expected to continue to rise more, if Iran responds strongly and causes a major disturbance in the supply Oil ." target ="_Blank"> The Strait of Hormuz , noting that the final decision of the security authorities." target ="_Blank"> And Iran on June 13, Brent crude rose 11% while West Texas Intermediate crude achieved about 10%, with Israel targeting Iranian nuclear sites and wounding Iranian buildings for buildings in Tel Aviv. "SEB" Al -Suwaidi, that closing the strait Hormuz would "It raises oil prices significantly."
the memo added that "Most Iranian oil exports to China pass through this strait, and the United States is unlikely to tolerate a long time with the inevitable rise in oil prices, and diplomatic pressures from the major countries will be great to open the strait, which was closed by Iran."
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