A US military strike in Iran Questions on the impact on oil and gas industry are growing, among other things, whether the expanders of conflict can cause higher energy prices.
The oil prices jumped 4% shortly after the start of Sunday night trade, but he retreated as experts were unlikely to close Strait of the wallIt is an important commercial village that controls the country and this is strategically crucial for gross global markets.
Still, worrying a geopolitical crisis, the worries that the enemy worsened would have squeezed the world’s oil supply, probably what would drive gas and other energy costs, as well as raw gross for other products. Iran said on Monday launched the attack The US Summer Airbath of Qatar, who had seen the missiles of the country that many news agencies counted on the country.
Iran, an important producer of raw, controls the north of the walls of the walls, using boats used by boats that carry 20% of the daily oil supply of the world.
“In practice, the strait” approaches “, boat attacks and various arrests, seabirth, sea mines,” has noted David Oxley, capital economy, in a report.
However, as “(s) is not a conflict that will not last too much,” no ramp “and is uninterrupted to the accident, we suspect that the starting points of global energy prices would be wasted before long.”
Here’s what to know Around Iran’s conflict Potential impact of oil and gas prices.
What is the price of oil so far?
During early trade on Monday, raw brent prices, international standards, 0.1% were watered by $ 76.98 at noon. West Texas Texas (WTI) raw, US referenced, fell by 3.8% from $ 71.06.
However, oil prices remain more than an enemy between the Israeli and Iran, when a barrel of raw WTI was near $ 68.
Although Wall Street experts anticipates that Iran closes the walls of the wall, they consider the constant strains of the region to interrupt the energy market and raise prices.
“Maybe it would be a higher risk for regional oil supply in Irael’s oil production and export facilities, and Iranian benefit facilities about Iraqi oil production and export facilities,” Eurasia Group said on June 23.
So far Israel has avoided focusing on the oil exports industry in Iran. If so, these strikes can interrupt the flow of several barrels a day by sending raw prices of $ 80, according to the advice of political risk.
What would happen if the strait is closed?
The Strait of the Harras is 21 kilometers wide in its narrow point, which can be interrupted. The channel connects the Persian Gulf to the Gulf of Oman and the Arabian Sea.
Although energy experts believe that the closing of the strait is unlikely, the harmful economic and geopolitical impacts of Iran stand out that the flow of oil is not interrupted by the energy passage.
The interrupt of the oil passage, in China, India, Japan and South Korea would affect high impact markets, the energy department of Energy Information Administration (EIA).
Nalini Lepetit-Chella, Omar Kamal / AFP via Getty Images) 
The US imports about 7% of his oil through the walls of the hills. But any interference that passes through the area can affect the oil market by hardening supply, according to experts.
“(W) Hile Iran has not yet corrected the route, although a limited break would have a great impact on global supply,” said Oxford Economics Analysts in the June 20 client. “In a worse case, prices can hit $ 130 for each barrel and 0.8 Global percentage GDP.”
Last time, the last time it was raised in 2008, in 2008, due to energy demand and uncertainty in the world’s energy supply, back To Eia. At the time, gasoline prices prevailed about $ 4.11 per gallon, or after about $ 6.26 per liter of dollars.
What is the US gas price forecast?
American drivers are likely to see higher prices in the pump next week, jumping between 10 cents and 15 cents, Gallon said Patrick Dehaan said.
“Most of the last and expected rise because of the tensions / situations in Middle East,” said CBS Moneywatch in an email.
Along with this magnification, the US drivers are likely to pay less than a year ago than a year ago. The average US gas price is $ 3.22 per Gallon, down 3.45 dollars a year, according to AAA.
