Oil prices jumped after the United States carried out air strikes aimed at three major core facilities in Iran, which threatened to launch more attacks, exacerbating the crisis in the Middle East and raised the fear of the possibility of energy supplies from the region. Brent -Ru futures rose $ 3.2 to $ 80.28 a barrel, while the crude contracts in Western Texas West rose $ 2.89 to reach $ 76.73 a barrel, the highest level since January. This increase comes after US President Donald Trump said in a speech over the weekend that the air “crushed” the three targets and threatened more military measures, unless Iran agreed to peace. In his first reaction, Tehran warned that the strikes would lead to “serious consequences”. At the same time, the Iranian parliament has asked for the ‘hormuz’ to be the sea, which passes one of the global oil production, according to the official television. However, the implementation of such a move requires explicit approval by Iranian guide Ali Khamenei. The market is concerned because the beginning of the conflict dominated the global oil market for more than a week when Israel launched attacks on Iran. This tensions led to high futures, as trading volumes jumped in options markets, the delivery costs rose and in the short term price curves showed the fear of providing scarcity. Fear is currently focused on the ‘street of hormuz’ and whether Iran will actually use it to block it or affect the movement of navigation in it, in response to the US strikes that have targeted nuclear facilities. “The market is possible on the way to reach the 100 dollars price as Iran responds as before and threatened.” He added: “This US attack can lead to conflict.” The flow over the sea street is still stable, no concrete decrease in supplies throughout the sea, but rather that Iran is in a hurry to increase its exports as part of its logistical response to the conflict. Avoid expanding the war and prevention of supplies to fall oil prices, which will also reduce the prices of all goods that have risen with the effect of the rise of oil. Although the movement in the sea street was not affected, the tension was increased from ship prices to the region. The cost of hiring a ship to transport crude oil from the Middle East to China jumped by about 90% compared to the level before the Israeli attacks. The profits of the fuel carrying fuel, such as fuel and aircraft fuel, have also been increased, in addition to the rise of insurance allowance. The GPS signals (GPS) are exposed to confusion in about a thousand ships per day, exacerbating the safety risks.
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