A full-blown war between Iran and the United States affects global oil prices, as the recent tensions in the Middle East have increased. The only question is how much oil prices rises

 

In early June, a senior Iranian adviser warned that if the first bullet of war was fired in the Gulf, oil prices would reach an unbearable level for the United States and ?its allies, and it would probably be $ 100 per barrel.

 

Both Brent and West Texas Intermediate indicators rose after targeting US unmanned aerial vehicle over the Strait of Hormuz.

 

The highest price increase after the incident on Tuesday faced West Texas Intermediate rise more than 4% and Brent's price rose by 3%. These prices peaked at the end of May. US crude traded at $ 57.43 a barrel and $ 64.45 per barrel on Friday.

 

The start of the war between the United States and Iran will disrupt the supply of oil and further increase prices.

 

Analysts say: "Markets are sure to react upwards. Especially if Strait of Hormuz is closed. We can easily see oil prices" above $ 100، but it takes months for oil to reach this price.

 

We will see a real increase in oil prices if a real war happened. No one is ready to disrupt the supply chain and must stop a free challenge.

 

Such oil prices were first seen in 2011 to 2013 before the fall in oil prices in 2014. But even if this price increase occurs, it will not be long.

 

This upward trend is heavily dependent on the duration of supply disruptions in the Middle East. It can take a few weeks or one or two months until the hostilities are reduced, and the Strait of Hormuz is reopened.

 

It seems that the conflict is bad for everyone. No one is prepared to disrupt the supply of oil, and probably Trump could have prevented the attack on Iran.

 

Author: Mohsen Shahvar