"Ministers information"Energy markets still feel the repercussions of the conflict
The Information and Decision Support Center in the Council of Ministers reviewed the most prominent reports that dealt with the conditions of the global oil market in the wake of US President Donald Trump’s announcement of a comprehensive ceasefire agreement between Israel and Iran, as global oil prices witnessed a remarkable decrease with the beginning of Tuesday’s trading, which calmed down from geopolitical concerns that threaten the stability of energy markets. Reuters, the price of West Texas Intermediate crude declined at the beginning of last Tuesday 5.5%, to circulate near the level of $ 64.76 a barrel. Iran. Brent rose on Wednesday 25 June to record $ 67.77 a barrel by 10:50 am Greenwich time, while West Texas Intermediate crude rose to $ 64.97 a barrel. Between Israel and Iran for the ceasefire, stressing that & quot; everything is going as it should & quot; praising what he described as the ability of both parties to endure and wisdom to end what he called & quot; the 12 -day war & quot;
was remarkable the US President’s statement regarding Iranian missile attacks on the base of many American in Qatar, as he described the Iranian response as it was it & quot; expected & quot; and thank Iran for what he called & quot; early notification & quot; what helped avoid human losses. This comment, in turn, contributed to the reassurance of the markets and the calm of tensions. The vital artery for transporting oil. According to Fitch’s estimates, the closing of the strait would have raised oil prices to levels between 100 and 120 dollars a barrel, which would have led to a rise in global inflation between 0.8 and 1.2 percentage points, and reducing global growth by at least 0.1 to 0.2 percentage points, indicators that lead to what is called & quot; light stagnation & quot;
and between that The developments would in turn affect global monetary policy, as the central banks are expected to slow down the plans to reduce interest rates amid expectations of continued inflationary pressures. Disorders of supplies, after high tension in the area. The markets estimated a possibility of 52% to close the Strait of Hormuz during the year 2025, compared to only 30% on Friday, June 20, 2025. The & quot; Southern Pars & quot; In Iran & ndash; The largest globally & ndash; For a fire that led to the production of 12 million cubic meters per day, and the & quot “dawn & quot;” dawn & quot; Which treats 125 million cubic meters per day of gas. Although the announcement of the ceasefire reduced the pressure on oil prices, the fragility of the geopolitical situation in the Middle East keeps the risks, which drives analysts to follow the developments closely, amid questions about the extent of the sustainability of this calm, and whether it is sufficient to dispel the risk allowance that the markets have priced on for weeks.
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