Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to TASS on the likely dynamics of world oil prices under the influence of US and Israeli military strikes on Iran and possible actions by OPEC+ in these conditions.
The analyst believes that a further increase in quotations is possible only if there are real signs of the implementation of the most gloomy scenarios."The very possibility of military strikes against Iran has already been included in current prices, as the market plays out such events in advance. Therefore, Brent was trading yesterday not at $60-65, but at $73 per barrel. It is very likely that prices will go above $80 at the beginning of the week due to emotions," he said.
At the same time, Belogoryev emphasizes that all these risks are still hypothetical, and most market participants do not believe in their implementation."Severe damage to Iran's oil industry, its sensitive strikes on the oil infrastructure of the Arab countries of the Persian Gulf or disruption of navigation in the Strait of Hormuz," the expert listed the key factors of a possible rally.
Subscribe for updates
and be the first to know about new publications