Oil prices jump by more than 12% after the Israeli attack on Iran economy

|

Oil prices jumped more than 12 % in the wake of an attack by Israeli warplanes – at dawn today, Friday – and targeted sites in the Iranian capital.

The markets are afraid of an escalation in the region and great turmoil in oil supplies after the Israeli strike on military and nuclear sites in Iran.

Brent crude futures rose above $ 77 before her gains shrink a little.

Brent crude jumped to about 75 dollars a barrel, an increase of 8.2%, while American crude rose 8.5% to $ 73.8 a barrel at 5:18 world time.

“The Israeli attack on Iran has increased the risk allowance.”

He expected the escalation of the conflict to lead to the tangible affected oil supplies, noting that Tehran It may hinder up to 20 million barrels per day of oil supplies through infrastructure attacks or traffic restriction Hormuz Strait In extreme scenarios.

No harm to Iranian oil refineries

Meanwhile, the Iranian Oil Ministry announced that the Israeli attack did not harm the main refineries and warehouses.

The ministry said in a statement, “There was no harm to refining facilities and oil tanks in the country, and the activities of these facilities and fuel supplies are currently continuing all over the country without interruption,” the ministry said in a statement.

The effects of the Israeli strike exceeded the oil markets to include airline, at a time when everyone announced Jordan Iraq and Israel temporarily closing the airspace due to escalating tension in the region.

Etihad Airways announced the cancellation of two flights between Abu Dhabi and Tel Aviv and the postponement of leaving 4 other flights, while the UAE flydubai suspended its flights to Oman Wbrot And Damascus And Iran And Israel.

The light train was stopped in Jerusalem And Tel Aviv Until another notice, according to the Israeli Channel 12.

Delhi Airport also announced that the dates of some flights were affected by developments in the air fields of Iran And Iraq Wishwashes.

For its part, the Asian markets were affected by the repercussions of the Israeli strike, as the Japanese Nikai Nikai index fell 1.5% and the broader Topix index decreased by 1.28%.

In South Korea The standard stock index decreased by more than 1% in early transactions, after 7 sessions of gains, and the color declined amid reluctance to risk.

Leave a Comment