Opinion: The current Iran conflict is unlikely to trigger an oil crisis
According to Odaily, energy and commodities columnist Javier Blas wrote that the recent Iran-related attacks have had a significant impact on oil prices, but have not yet constituted a full-scale shock. The article points out that the energy infrastructure damage and oil tanker route disruptions that the market is concerned about have not yet occurred, and neither Iran nor related parties have taken action against oil infrastructure.
The article mentions that even though oil prices are rising, with some traders expecting prices to climb to $100 per barrel, this is still lower than the $139 seen during the Russia-Ukraine conflict in 2022 and the $147.50 high in 2008. Meanwhile, current bullish positions are at a relatively high level over the past decade, and traders are already prepared for risks. (Bloomberg)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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