All possibilities remain open for the course that will be followed in the short term or price oil and gas. As most analysts agree, a decisive factor for the following will be whether the US will be involved in the attacks against Iran And what reactions can this cause on the side of Tehran?
In such a scenario, it is estimated that black gold prices will be mildly rise as the US forces are exclusively affecting Iran’s nuclear facilities. On the contrary, if they expand to other military, political or industrial targets, then the Iranians may be tempted to take military actions in the Persian Gulf, leading prices much higher.
On the other hand, there are plenty of energy -efficient scenarios. The most intense of these includes an informal capitulation of Iran, which will be forced to sit back on the negotiation table.
However, the common ground is that the current crude oil price will not be maintained for long and we will soon see a significant move either upwards or downwards.
It is worth noting that even with what happened, oil prices are currently at a slightly tolerable level for the global economy. As the Minister of National Economy and Finance, Kyriakos Pierrakakis, said yesterday, the price last year was at $ 82 per barrel and today is close to 75.
The same is not true for gas prices, which in Europe are “flirting” with 40 euros/MWh, from 35 euros last week.
The summer season is expected to bring increased electricity values anyway, especially in July and August. By extension, one of its basic variables is reinforced and makes things more difficult for consumers.