Money and business

High oil prices due to fears of turbulence in energy markets


Register Oil prices an increase in early transactions on Monday, against the background of fears of a disturbance in Energy Markets After The American attack on Iranian nuclear facilities. Through it, the world’s five oil production. For the barrel, West Texas by 2.1% to reach $ 75.98. "MUFG" from "Lack of certainty about the results and duration of this war"District "scenario" To rise in oil prices by about 10 dollars per barrel.
they indicated that "A shock from oil prices will have a real negative impact on most Asian economies" That depends on the import of energy, which reflects the atmosphere of pessimism.

The closure of the Strait of Hormuz. "Bibreston" Iran was able to cause economic damage to the world without resorting to the extremist option of closing the Strait of Hormuz. "By consolidating a strong belief in their ability to disrupt this main logistical channel, the costs of maritime transport may increase to a large extent that greatly affects the supply of crude oil and gas".

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