Trump's ambiguity about the involvement of the war against Iran still supports oil prices

Oil prices rose slightly after a varying trade session, at a time when US President Donald Trump fueled speculation about the possibility of the United States to join the conflict in the Middle East. Brent -ruol rose 0.3% to settle at $ 76.7 a barrel, and the Western Texas -Tussent time increased by 0.4% to close more than $ 75 a barrel, which is the highest closing level since January. The markets ranged between profits and losses within three dollars, amid sharp reactions to the development of the conflict between Israel and Iran. “The implicit fluctuations are still rising, suggesting that the inherent anxiety in the market is still high, even if it is not perfectly visible in the price of price.” Trump: No one knows what I will do. Trump said Iran missed the opportunity to reach an agreement on its core enrichment, but he refused to announce whether America intended to join the Israeli attack aimed at destroying the Tehran nuclear program. He told reporters in the White House on Wednesday when asked if he approached Iran’s bombing: ‘I may do it, and I can’t. I mean, nobody knows what I will do. ‘ Earlier, Iranian leader Ali Khamenei said his country would not give in to Israel, after Trump demanded an unconditional surrender of Iran on the fifth day of the conflict. Trump called on social media publications on Tuesday to “unconditionally surrender” from Iran, warning that a possible blow targets his leader. The United States is also deploying more military assets in the region, including the USS Nemitz Aircraft Group, which sails to the region before the scheduled date. Fear of supplies is the most important concern about the oil market in Iranian stocks, and the threat of shipping movement through the ‘street of hormuz’, through which about a quarter of the global oil shipments go through. Initial data from “Tanker Tork.com” shows that Iran has significantly increased its exports since the start of the attacks, and that no significant disruption in traffic was recorded by the sea streets. The risks have extended to affect the oil -derived market. The bullish buying options have become the highest allowance for more than a decade, while fluctuations jumped to the highest levels in three years. The cost of shipping oil from the Middle East to China has also risen by more than 50% since the beginning of the attacks. It is aimed at secure assets at the same time, this tensions have disturbed the broader markets as investors have gone to safe assets such as gold. Last week, Israel launched sudden air strikes at nuclear sites in Iran, but American weapons are seen as necessary to ensure the destruction of the core program of Tehran, as Tel Aviv’s weapons cannot do this task alone. Chris Weston, head of the research department at Bubston Group Ltd., said oil prices could exceed more than $ 80 a barrel if there are reports of direct US involvement. He pointed out that the form of the future contract curve indicates that the traders evaluate that the market will see a scarcity of offer. The difference between the two nearest decades of December contracts for “Brent”, a most important indication of the market balance in the long run, has expanded significantly since the outbreaks of the attacks to approach three dollars a barrel within the bullish structure. This indicator before the conflict indicated that there was a sacrifice in the offer, within a falling structure. Meanwhile, US crude shares fell by more than 11 million barrels last week, which is a decline in expectations, and this is the largest in about a year.