Fall in oil prices by 6% after Iran’s missile attacks on an American base in Qatar

Its prices oil They retreated Monday (23.6.2025), after the missile attack Iran At an American air base in Qatar, without reporting victims, increasing investors’ hope that there can be a way to decline in the conflict.

US crude oil fell $ 4.20 or 5.69%to $ 69.64 per barrel. Brent’s global reference index fell $ 4.38 or $ 5.69% to $ 72.63 for the last time. It seems that the worst fear of the oil market, that Iran would cut exports of crude from the Persian Gulf, has been avoided for the time being.

Iran has launched a missile attack on the Al-Udeid air base in Qatar, where US forces are stationed, according to NBC News on Iranian state television.

Qatar confirmed that the blow did not cause casualties, a representative of the Gulf Foreign Ministry said in a post on social media. Qatar’s air defense intercepted the Iranian missiles, the spokesman said.

Oil prices initially jumped on Sunday night (22.6.2025) after the bombing of three basic nuclear facilities in Iran by the US at the weekend. Brent increased more than 5% on Sunday night and exceeded $ 81 before receiving. West Texas Intermediate (WTI) also reached the highest levels since January before receiving.

“The market is pricing a scenario where things are gradually divergent,” said Jorge Leon, head of Rystad Energy’s geopolitical analysis, on CNBC’s Worldwide Exchange show today. “The worry is that the other extreme scenario where there is a threat to close the Strait of Ormuz is still realistic,” Leon said. “Things could go down very much, very quickly.”

Source link

Leave a Comment