Amid the ongoing U.S.–Iran confrontation, tensions in global energy markets are increasing, with expectations that the upward trend in oil prices may continue. Sharp statements and reciprocal threats between the parties do not currently support optimistic forecasts for near-term stabilization in the Gulf region. This, in turn, raises the risk of continued restrictions in the Strait of Hormuz and an acceleration in price growth.
Today on the London Stock Exchange, the price of Brent crude oil rose by 12.6% to $126.3 per barrel, up from $113. On the New York Mercantile Exchange, WTI crude oil increased by 10.5% to $110.5 per barrel, up from $96.
Azerbaijan’s “Azeri Light” crude also rose by $6.43 or 5.55%, reaching $122.32 per barrel. Traders do not rule out further increases in the coming days.
Iranian Parliament Speaker Mohammad Ghalibaf stated that the United States is artificially increasing global oil prices by maintaining a blockade of the Strait of Hormuz. According to him, prices could rise to $140 per barrel under current conditions.
At the same time, reports that U.S. Central Command head Admiral Brad Cooper is expected to brief President Donald Trump on possible military scenarios in the Middle East have triggered a sudden spike in oil prices on global markets.
It is also reported that the Pentagon has raised the possibility of deploying “Dark Eagle” missile systems to the Middle East, while the placement of additional long-range weapons at regional military bases is under discussion.
The U.S. administration has reportedly approached several countries regarding potential support for a coalition against Iran. In parallel, Iranian officials continue to issue strong statements, indicating that U.S. military assets in the region could become targets.
Experts believe that the risk of escalation remains, and in such a scenario, oil prices may continue to rise further.
