Oil prices have risen after US President Donald Trump asked that Iranian capital, Tehran, evacuated, while Israel promised to continue the strikes, which retained the markets in the event of anticipation for the possibility of an escalation that could threaten the offer of RU. Brent -ruol rose about 2.2% before retreating to circulate more than $ 73 a barrel, while the West Texas Middle Easy approaches $ 72, after the future futures were closed on Monday, in light of indications of Iran’s attempt to reduce the escalation. However, Israel continued its attacks that began to target nuclear sites on Friday. The markets are monitoring the ‘street of hormuz’ so far, the Iranian infrastructure is not exposed to the export of crude oil for any damage, and there are also no indications that Tehran is looking for an extra escalation by closing the ‘street of hormuz’. It is noteworthy that the producers of the Middle East are about one fifth of the global daily supplies passing through this narrow waterway. “The market is tense, but it is still unable to prosecute in the worst scenarios associated with breaking the offer,” said Vandana Harry, the Fandan Insights Foundation in Singapore. “There may be greater strikes in the future, but it does not change the market accounts on the risk of stocks,” she added. Currently, most of the consequences in the marine shipping market are concentrated. According to the British Navy, according to the British Navy, navigation signals in the ‘street of hormuz’ and the Arab Gulf have an increasing bump that affects the GPS reports, while some ship owners have to hesitate to accept safety reasons to accept reservations in the region. The prices for renting oil tankers also jumped. Despite these developments, oil prices are still much higher than their levels before the start of the attacks, which have encouraged the producers to perform standardization, as well as active trading in futures and options. Morgan Stanley raised his forecast for crude prices and pointed out that the risks due to the conflict. Trump increases the pressure on Tehran, Trump is scheduled to suddenly leave the top of the ‘group of seven’ leaders in Canada, hours after his call to evacuate Tehran immediately. White House spokesman Caroline Levit said the president would leave for Washington “to be able to take care of many important matters,” and in a later post on the “X” website, she said that the departure was coming as a result of “what was happening in the midst.” Israel said it seized much of the Iranian airspace and did serious damage to major facilities used in Iran’s rocket and nuclear programs, since the Friday attack, which caused the fear of the expansion of the conflict in an area that produced about a third of global crude oil.
Trump’s remarks on the evacuation of Tehran raise oil prices
