Oil Markets Brace for Volatility In The Middle Of US-Iran Tensions
Oil rates are positioned for more gains after shutting near a four-year high Friday in the middle of intensifying stress in between the U.S. and Iran. President Trump provided a 48 -hour final word for Iran to reopen the Strait of Hormuz, endangering to “take out” Iranian nuclear power plant.
- Warning: Trump requires Hormuz Strait resuming within 48 hours.
- Revenge: Iran endangers strikes on Gulf power, desalination facilities.
- Market Impact: Brent crude shut at $ 112 19/ barrel, highest since July 2022
- Supply Problems: Specialists warn of long term interruptions, potentially lasting 6 months.
Analysts predict a possible cost spike if the last chance remains. The scenario raises worries of more dispute.
