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Iran Israel Tensions: For the last few months, there was a continuous decrease in the prices of crude oil. But now the possibility of increasing its rapidly is increasing. The reason for this is tension reached the peak in the Gulf countries. After the attack on Iran from Israel, there has been a tremendous jump of 7 percent in oil prices on Friday. After this, there has been a record increase in the price of crude oil in several months.
After touching $ 75.23 in Intra Day, Brent crude futures have increased by $ 5.29, or 7.63 percent to $ 74.65 per barrel. This is the highest increase in the price of crude oil after April 2. The West Texas Intermediate crude record rose to $ 5.38, or 7.91 percent to $ 73.42 per barrel after touching $ 74.35.
Increased price of oil due to attack
Significantly, amidst efforts to persuade the agreement to prevent its atomic bomb from the US, Israel has said that it has attacked Iran on Friday. Iran’s media says that the voices of the explosion were heard in Tehran.
Sol Kavonic, senior energy analyst of MST Marquee, says that the struggle between Israel and Iran does not increase to the level that the oil supply in the Iran region does not really have any major impact on the oil supply. However, he further said that if Iran oil in the peak situation can obstruct the supply of up to 2 crore barrels per day by limiting the attack on the oil infrastructure or the hormuj straw.
Israel said- Iran’s nuclear structure will destroy
Idha, Israeli PM Benjamin Netanyahu said the objective of the attacks on Iran is to destroy its nuclear structures, ballistic missile factories and many military capabilities. On the other hand, US Secretary of State Marco Rubio said on Thursday that Israel’s attack on Iran is one -sided and Washington is not included in any way. He appealed to Tehran that he should not target American interests or his soldiers.
