What effect does the escalation of tensions between Iran and Israel have on oil prices?

According to Energy Press, although concerns about the possibility of the Zionist regime attacking oil targets in Iran have decreased, the additional rate of risk has decreased and contributed to the drop in oil prices. However, investors are also waiting for more details on Beijing’s fiscal stimulus measures to boost economic growth, which were announced on October 12. China announced on Thursday it will expand a “white list” of housing projects eligible for financing and increase bank lending for such construction to 4 trillion won ($562 billion) as it aims to boost a stagnant property market. At the same time, Reuters, quoting the American Petroleum Institute, reported that US oil and fuel reserves decreased last week.
According to market sources, US oil reserves decreased by 1.58 million barrels and gasoline reserves decreased by 5.93 million barrels in the week ending October 11. In a Reuters poll, analysts had estimated that US oil reserves had grown by 1.8 million barrels in the week ending October 11. The dark outlook that OPEC and the International Energy Agency drew for the growth of demand for oil in 2024 has fueled the decline of oil indices. Some analysts, such as the ANZ banking group, see any sign of weak demand in the US Energy Information Administration’s weekly report of oil reserves as a sign of more downward pressure on oil prices, and some see the rise in risks as a factor in the price spring that is caused by weak demand these days. They are, they describe. However, if the tension between Iran and Israel increases, the possibility of further increase in oil prices seems high.
oilmen in favor of Persian Gulf countries
Mahmoud Khaqani, an international energy expert, said in an interview with “Jahansanat” about the impact of the disruption in Iran’s oil exports: The policy defined in America to dominate the energy and oil market has a long history. This issue started in 1973, when the Zionist regime, with the support of the United States, was planning the Greater Israel. This issue started for the first time during the Arab-Israeli war, when the price of oil increased by 267% from $3 to more than $12 per barrel, and now, due to the release of the secrets of spy agencies, it is clear that the Arab-Israeli war benefited the oil companies. . They financed the heavy mining of areas such as the Gulf of Mexico, the coast of Scotland and northern Alaska and the effort to produce shale oil from this price increase. He added: The second incident started in June 2017 and with the changes that took place in the government of Al-Saud and Crown Prince Bin Salman in Saudi Arabia, it continued in the path of American domination of the oil market, which caused Saudi oil to be offered at the same price in the oil market. Before the changes in the Saudi government, everyone had a quota in this country and the country’s oil competed with its own oil. As in Iran, some groups currently have quotas and Iran’s oil competes with its own oil in the world market.
This was not a good situation for America to dominate the oil market, that’s why this path was paved with Crown Prince Bin Salman. Khaqani said: Now there is a discussion about what will happen if Israel attacks Kharg? Nothing special may happen to the oil-consuming world. Why? Because today is not 1973. Today, China has stored enough oil in its strategic reserves, and Russia also takes its oil to the Indian Ocean. If Kharg is hit and oil loading from Kharg is stopped, no one will worry. This fact can be seen from the silence of China and Russia in this regard. They do not talk about the attack on Lebanon and the genocide in Gaza. They may speak at the United Nations, but they have not passed any resolution. He added: It means there is a written or unwritten agreement to destroy Hezbollah and Hamas and weaken Iran. On the other hand, the Arab countries are silent about the genocide in Gaza because the UAE is partnering with the British company BP to harvest the hydrocarbon resources of the Gaza coast. is
Khaqani emphasized: The Persian Gulf countries are very interested in Israel attacking Iran, because the price of oil will reach $100 or even higher in the short term. The profit of this price increase goes into their pockets. Most importantly, a weak government in Iran benefits them in shared resources with Iran; Like Arash. You can’t count too much on Iraq either. Chinese and American energy companies – analysts say that what is happening in the oil market today is a fire under the ashes. Although the decrease in concerns about the possibility of the Zionist regime attacking oil targets in Iran has reduced the excess risk rate these days and contributed to the drop in oil prices, it cannot last in the long term. What’s more, the disruption in Iran’s oil exports will make the oil market more risky. However, the decrease in concerns about the possibility of the Zionist regime attacking oil targets in Iran has reduced the additional risk rate and contributed to the drop in oil prices. However, investors are also waiting for more details on Beijing’s fiscal stimulus measures to boost economic growth, which were announced on October 12. China announced on Thursday it will expand a “white list” of housing projects eligible for financing and increase bank lending for such construction to 4 trillion won ($562 billion) as it aims to boost a stagnant property market.