Oil prices have stabilized with the budget of traders between renewable US threats to impose customs duties and the possibility of a large scale conflict in the Middle East. Brent ruol reduced the August delivery to $ 69.36 a barrel, while the West Texas waived in nearly $ 2.50, before closing the session with a slight decrease to reach nearly $ 68 a barrel. Prices have temporarily increased to the positive area after a report for the ABC network said that Israel should implement military action against Iran in the coming days. As Iran threatened to stop US bases if core talks failed and attacked, traders remained tense. Among the urgent factors on prices were the previous statements by US President Donald Trump that he intends to impose unilateral customs duties on commercial partners during the week until the next two weeks, reducing the appetite of investors to risky assets. Large fluctuations in options contracts caused Iran’s threats on Wednesday to emerge oil to get out of the narrow series in which most of the past month has moved, highlighting the sensitivity of crude oil for geopolitical tension. The Middle East produces about a third of global oil, led by members of the “OPEC+” coalition, including Iran, Saudi Arabia and Iraq. Prices rose by about 12% this month, and the JP Morgan & Co Bank expected oil to reach $ 130 in the worst scenario. This step coincided with major changes in the pricing of options contracts, where traders evaluate the risk of escalation. The bullish buying options are traded on ‘Brent’ ore with a price allowance compared to the falling contracts for sales options, and the levels of volatility have increased sharply. Nevertheless, oil has been low since the beginning of the year, amid the expectation that the US trade war will erode demand, while the OPEC+Alliance restores the disrupted production. Tehran is planning to present a new proposal on the core file with regard to Iran, and Trump has constantly emphasized that he wants to reach an agreement that limits Tehran’s atomic activities, and that the United States can stop Iran if the talks collapse, while also emphasizing that it wants to avoid “conflict with the country. Negotiations, which will be held in the Omani capital on Sunday, Muscat. Kuwait, increase the risk level in the region. “
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