The Federation Council predicted an increase in oil prices when Iran closes the Strait of Hormuz.

The price of oil will rise to $130 if Iran blocks the passage through the Strait of Hormuz, which connects the Persian Gulf with the Indian Ocean. This was announced on June 14 by Alexei Pushkov, a member of the Constitutional Committee of the Federation Council.

According to him, information about the possible closure has spread on Iranian TV channels. He also clarified that the Yemeni Houthis are considering the possibility of blocking the Bad el-Mandeb Strait.

"If this happens, the global oil market will be destabilized, and oil prices will rise sharply," the parliamentarian wrote on the Telegram channel.

Pushkov noted that even partial interruptions in oil supplies through the Persian Gulf in the context of a military conflict can lead to higher prices for the resource. He clarified that, according to forecasts, the cost will rise to $110–$130.

Is the world in danger of a major war between Israel and Iran? Analysis

On June 13, Israel launched a preemptive strike against Iran and declared a state of emergency. Prime Minister Benjamin Netanyahu called the task of the military operation attacks on the Iranian nuclear infrastructure.

In response, Iran launched several waves of missile attacks. On June 14, the Mehr news agency reported that Tehran had threatened Britain, France and the United States with attacks on their facilities in the Middle East if Israel helped repel the attacks.