President Donald Trump has confirmed that the U.S., in coordination with Israel, has conducted three strikes on Iranian nuclear facilities.
Will there be panic buying of WTI and Brent at the open?
In response, Iran’s parliament has approved a proposal to close the Strait of Hormuz, a key global oil shipping route. The final decision lies with Iran’s Supreme National Security Council and Supreme Leader Ayatollah Ali Khamenei.
If a blockade is enforced, oil prices could rise sharply. ClearView Energy Partners estimates a short-term closure could add between $8 and $31 per barrel. JP Morgan has suggested that a full-scale conflict and complete shutdown could drive prices to $130.
Will there be panic buying of WTI and Brent at the open?
In response, Iran’s parliament has approved a proposal to close the Strait of Hormuz, a key global oil shipping route. The final decision lies with Iran’s Supreme National Security Council and Supreme Leader Ayatollah Ali Khamenei.
If a blockade is enforced, oil prices could rise sharply. ClearView Energy Partners estimates a short-term closure could add between $8 and $31 per barrel. JP Morgan has suggested that a full-scale conflict and complete shutdown could drive prices to $130.
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blackbull.com/en/economic-calendar/?utm_source=tradingview
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.