The US reference oil prices were only marginally higher on Monday morning, a result that reflects investors that change to the waiting and view mode as they take stock of Iran’s response to US attacks. UU. In their nuclear facilities.
The profit of 0.2% in the future intermediate raws of western Texas, less than $ 74 per barrel, reflected a significant setback during the night of the peak of almost 4% seen Sunday night when the trade of future products was opened.
The stocks opened flat.
The current price of oil is still the highest since the end of January, but it is only a bit below the general average seen since 2023. It would equip gasoline prices of approximately $ 3.30 per gallon, assuming that oil prices remain at these levels.
That would be a great assumption.
Wall Street analysts say that when you order the strikes, President Donald Trump has once again injected massive uncertainty into the markets after having done it with his fees ads out again.
“In our opinion, there is a wide range of results for oil prices in the coming weeks,” UBS Financial Group analysts wrote in a client note. “The nature and scope of Iranian reprisals are still the key parameter.”
If the Iranian response somehow remains silenced, oil prices could actually fall again, analysts said.
But US strikes have probably increased the risk of interruptions of energy infrastructure in the Middle East, they wrote. If such interruption occurred, oil prices would increase in the short term.
“Everyone, keep oil prices. Trump posted on social networks on Monday morning.
The greatest approach remains in whether they will limit or cut access to the Hormuz Strait, a strangulation point in the Persian Gulf through which he travels around a fifth of the world oil supply. Iran’s state media reported that Iran’s Parliament supported the closure of the Strait, but that the final decision falls to the Iran National Security Council, according to the report. It is not yet known how such order had been given.
UBS said he sees an interruption of the Strait as “low probability” at this time. An early morning report was updated that six oil tankers had begun to move away from the strait just before 9 am to show that three of the ships had reversed the course and returned to the narrow.
“The Strait is fundamental for Iran’s own exports, since its terminal outside the Strait only has a limited capacity,” analysts said. “A closure would also have a negative material impact for several other countries, such as Qatar and China, and would probably present a challenge for Iran.”
Analysts with the ING Financial Group described four possible ways for Iran: complete climbing that also attracts other nations such as China or Russia; hortive narrow interruption; active or liabilities for terrorist attacks in the United States and Europe; or not taking any action at all.
“We will refrain from speculate on the next steps and, on the other hand, we will conclude that the most likely economic consequences of US strikes will be on general uncertainty and the price of oil,” wrote the analysts of ING.
