This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress / Radio-Canada
The global markets reacted strongly to the American strike against nuclear targets in Iran. Oil prices have increased and US stock contracts have dropped.
The price of the Brent, the international reference, increased by $ 79.60 per barrel by $ 79.60, while the American crude increased from 3.1 % to $ 76.16 per barrel.
On Saturday, American forces attacked three Iranian nuclear and military sites, further increasing the challenges of war between Israel and Iran.
The term contracts on the S&P 500 fell by 0.5 %, while those on the Dow Jones Industrial Average fell 0.4 %. The yields of treasury bills have dropped slightly. These modest fluctuations indicate that the markets take the latest developments in arms.
The conflict, which began with an Israeli attack on Iran on June 13, caused a fluctuation in oil prices, which caused dazzling fluctuations to the American stock market due to increasing and decreasing fears that war can disrupt the world’s crude flows.
The Strait of Ormuz
Iran is a large petroleum producer and is also located on the narrow strait of Ormuz, by which a large part of the world crude transit.
An Iranian response which would include the closure of this navigable path would be theoretically difficult to implement, but the merchants fear that Iran will seriously disturb the transit by this way, causing an outbreak of insurance rates and making the shipowners reluctant to move without escort of the American navy.
Some analysts believe it is unlikely that Iran is closing this navigable path, as this country uses it to transport its own crude, mainly towards China, and oil is a major source of income for the regime.
It is a possibility of the burned earth, a scenario where the General Sherman would burn Atlantasaid Tom Kloza, chief market analyst at Turner Mason & Co., in an allusion to an episode of the Civil War, in the United States (1861-1865).
»It is unlikely! »» A quote fromTom Kloza, chief market analyst at Turner Mason & Co. M. Kloza thinks that oil contracts will fall once the initial fears are dissipated.
