Oil prices are preparing to jump after our strike on Iran with the Strait of Hormuz in focus

The oil was about to open up on Sunday after the strikes in the three main nuclear sites in Iran intensified fears of the potential shock of the show, amid increasing fears that Tehran could decrease by closing a major marine transition.

The future futures were already Spread weekly gains After the outbreak of the conflict between Israel and Iran a little more than a week ago. West Texas Medium (Cl = fClosed at $ 74.93 a barrel, while Brent crude (Bz = fThe international standard, settled at $ 76.73. Prices have risen more than 10 % a week since the conflict began.

“It is expected that oil prices will open at least $ 5 per barrel when trading at 6:00 pm in the east. We are looking for $ 80 of oil in the open,” said Andy Leipo, President of Lipow Oil Associats.

On Sunday, traders have created possible revenge movements from Iran, a major oil producer and source, after that The direct participation of the United States.

According to government mediaThe Iranian parliament voted to close the Hormuz Strait. The final decision stabilizes whether the biological waterway – which takes over 20 % of the global oil flows – will be closed with the Iranian National Security Council and the supreme leader Ayatollah Ali Khameneini.

What Wall Street is once seen as a low -possibility event that is now dealt with as a A significant increase in risk.

“If oil exports are affected by the Strait of Hormuz, we can easily see $ 100 of oil.”

After the outbreak of the Iran war, the Iranian analysts expected that it was “with a” severe result “, the closure of the Strait of Hormuz could push oil prices to $ 120 a barrel.

If crude ascends to this range, analysts expect gasoline and diesel prices to rise by $ 1.25 per gallon.

“Consumers will discuss the average price of national gasoline at about $ 4.50 per gallon – to 6.00 dollars if you are in California,” Lebo said.

Other possible revenge moves of Iran can include the support of the Houthi rebels in Yemen in renewable attacks on commercial shipping.

If the conflict escalates and the United States or Israel targets the oil export infrastructure in Iran, analysts warn that Tehran may take revenge by hitting export facilities in neighboring countries.

“In other words,” if we cannot export our oil, you cannot have you, “Lebo said.

“On Sunday, it is not just a possibility of disturbance, but the time it takes.

She said: “If the infrastructure is beaten, but it can be quickly restored, it may fight the raw in order to make gains.” “But if Iran’s response causes permanent damage or the risk of supply in the long run, we will likely see a stronger and more sustainable move.”