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Oil Prices Top $67 As Iran Talks Deteriorate And Tensions Rise In The ...
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7 Articles
The Economic Times
bipns.comCrude oil prices could spike to $120, warns J.P. Morgan. Explained in 6 key points
Following Israel's military operation on Iranian nuclear sites, J.P. Morgan warns oil prices could surge to $120 a barrel if Middle East tensions escalate. Brent crude futures already jumped nearly 9%, and the bank estimates a 7% chance of a worst-case scenario involving Iranian oil supply disruptions. The situation complicates monetary policy amid stalled nuclear talks.
Analysts believe Iran will be the big loser and warn of dramatic oil and gas prices if the situation escalates.
J.P. Morgan predicts oil price on potential attack on Iran
An attack on Iran could send oil prices soaring to $120 a barrel, according to J.P. Morgan, and reignite US inflation pressures. As tensions escalate in the Middle East, the bank warned that a military strike on Iran would likely trigger a spike in crude prices and push US consumer inflation back toward 5%. “An attack on Iran could spike oil prices to $120, driving US CPI inflation to 5%,” J.P. Morgan analysts wrote. Such a scenario would direc…
Teheran's threat led to a strong rise in oil prices on Wednesday, which has been on the rise since the beginning of May, after the price of the oil variety WTI Crude had fallen to the lowest level since January 2021 at around US$55. On Thursday night, after the Iranian threat, he temporarily climbed to the mark [...] The post oil price rises after Iran threat – Israel before military operation appeared first on financial marketwelt.de.
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