Oil falls as investors dismiss risk that Iran could disrupt supplies
Oil prices on Monday on Monday, after a missile strike at a US air base in Qatar in Qatar, leaving the reported loss, investors could not be reported to increase the conflict.
US Crude Oil Term transactions will be closed at $ 68.51 per barrel, $ 5.33 or 7.22%. Global benchmark Brent The latest was $ 5.73 or 7.44%$ 71.28.
According to Iran State TV’s NBC News translation, Iran launched a missile strike at the Al-Oduid airbase in Qatar for retaliation against the United States to the US’s most important nuclear areas.
Qatar then confirmed that the Iranian strike did not cause any injured. Gulf Kingdom Ministry of Foreign Affairs. The spokesman said Qatar’s air defenses seized Iranian missiles.
Oil prices had bombed the US nuclear areas and jumped on Sunday evening in response to the US, who participated in Israel’s campaign against Iran. Brent rose more than 5% on Sunday. WTI has reached the highest levels since January before withdrawing.
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“Sunday is priced in a scenario where things are gradually increased,” said Jorge Leon, President of the Geopolitical Analysis in Rystad Energy. He said.
“What’s worried about is that the excessive scenario, where there is a threat to close the Hormuz Strait, is still realistic.” He said. “Things are very, very fast.”
Hormuz Strait
According to energy analysts, the worst scenario of the oil market will be Iran’s attempt to close the Hormuz Strait. Approximately 20 million barrels per day or 20% of global consumption flowed from the Strait in 2024. Energy Information Administration.
Iran State Media Iranian parliament supported the closing A senior deputy referring to the throat. However, according to the report, the final decision of closing the throat lies in the Iranian National Security Council.
US Secretary of State Marco Rubio warned Iran against not trying to close the Strait. Rubio said that there would be “economic suicide” for the Islamic Republic, because its exports have passed through the water path.
Uz We maintain the options for coping with this, Rub Rubio said in an interview with Fox News on Sunday. He continued: “It would harm the economies of other countries much worse than ours.
According to OPEC’s monthly oil market report, Iran produced 3.3 million BPD in May. Last month, 1.84 million BPD exported and the majority were sold to China. According to data KPLER.
Rubio urged China to use its effect to prevent Tehran from closing the throat. Approximately half of China’s water -based crude oil imports come from the Gulf of Basra, according to KPLER.
“I encourage the Chinese government in Beijing to call them about it, because they are largely relying on the Hormuz Strait for oil.” He said.
Investors also follow the possibility of further destabilization of the Iranian regime as a result of the US-Israeli hostility, as Muammar Gaddafi has long been influenced by NATO on Libya’s materials.
Regional voltage
If Iran’s largest leader Ayatollah Ali Khamenei targeted, tensions in neighboring Iraq, the second largest producer of OPEC, which the pro -Tehran militias threatened Washington before, have increased.
On Sunday, the Iranian revolutionary officer warned that it was “not the power of US bases in the region, but the greatest fragility” without specifying specific sites. Comments transmitted with Google It was moved by the Iranian News Agency.
Diplomatic ties between new competitors Iran and Saudi Arabia may spread the possibility of deterioration in the procurement of the world’s largest raw exporters.
“The Kingdom of Saudi Arabia is deeply concerned that the developments in the Islamic Republic of Iran will be targeted by the United States, especially the developments in the Islamic Republic of Iran.” in question Sunday. Riyadh, a close ally in the Middle East, limited its participation in Iran-Israel attacks.
In 2019 – four years before continuing diplomatic relations with Iran – Saudi Arabia’s Oil Facilities in Abqaiq and Khurais were damaged during the attacks requested by Houthis, but Riyadh and the US said that Iran’s responsibility. Tehran rejected participation.
With the restart of the Israeli-Iranian fire last week, Fatih Birol, the head of the international energy agency, followed the developments and said, “The markets were well supplied today, but we are ready to move if necessary.”
