More than $100 and without the strait: what awaits the oil market due to the strikes on Iran

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to RBC on the impact of the US and Israeli military strikes on Iran on the global oil market.

The possibility of an escalation of the conflict between the United States and Iran was previously included in oil prices, Alexei Belogoryev believes.

"In recent weeks, the geopolitical "premium" associated with Iran has fluctuated around $5-8 per barrel, and therefore Brent was worth not $60-65, but $73 per barrel on the eve of the strikes. Based on the emotions at the beginning of the week, the growth is likely to continue," he said.