Igbal Guliyev, deputy director of the Institute of International Energy Policy and Diplomacy at MGIMO University of the Russian Ministry of Foreign Affairs, said that if Israel attacks Iran’s oil infrastructure, the cost of oil will exceed $100 per barrel. His words guide the way TASS.
“Iran has half the volume [нефти] sends for export – about 1.5 million barrels per day. If exports decrease, world supply will decrease; It makes sense for prices to rise and rise to well above $100 per barrel,” says the economist.
The expert also reminded that there is a possibility that Iran will close the Strait of Hormuz at some point. One fifth of the world’s oil resources pass through this route.
Oil prices fell last week due to increasing tensions in the Middle East. got up With 9%, it approached the biggest weekly increase in the last two years.
Previously Brent price increased It rose to $78 for the first time since the end of August.