CNN Described the Three Irreversible Economic Consequences of the War with Iran for Peace
9 Articles
9 Articles
The armed conflict with Iran has not only increased fuel costs and transport costs, but has also changed the location of forces in the global oil market. Even after the end of the hostilities, some of the effects of the crisis may be irreversible, American analysts write. One of the major changes has been the increasing influence of Tehran on shipping in the Strait of Ormuz, which passed through about 20% of the world's oil before the conflict, …
Before the war between the US and Iran, the Strait of Ormuz was a strategic route, but the international transit of ships developed normally.
The uncertainty surrounding the war in the Middle East, with cross-attacks between Iran and the U.S., further alienated possible peace negotiations. Moreover, transit through the Strait of Ormuz was considerably reduced and the price of oil rose again this Monday. Tehran also reported that there will be a "new restricted zone."...
New attacks involving the US and Iran raise risk on strategic route; Opep+ maintains production in October
The price of oil rose again this Monday, driven by new attacks on oil tankers and the deterioration of maritime transport in the Middle East, in the midst of the war between the United States and Iran. Brent’s barrel was quoted at US$97,28, with a 1.04% advance, approaching again the psychological barrier of [...] Brent’s entry touches the US$100 after attacks on oil tankers and growing tension in the Strait of Ormuz was first published in El Pe…
International oil prices are rising again and are approaching US$100 this Monday, given the persistence of attacks between the United States and Iran and the insecurity of passage through the Strait of Ormuz. Brent, a reference for Europe, advances during this day 1.00%, contributing to 96.76 dollars per barrel, while West Texas crude oil [...]
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