Bloomberg reported on the risks to the oil market due to the conflict between Israel and Iran

Oil from the Middle East is "under the gun" and may be exported intermittently due to the growing conflict between Israel and Iran. This was reported on June 16 by Bloomberg with reference to the forecast of RBC Capital Markets LLC.

The article highlights that among the possible scenarios, Israel may decide to strike the Iranian island of Kharq in order to limit the flow of crude oil.

Analysts believe that the longer the conflict continues, the more likely it is that Israel will try to reduce the funds that Iran will need to rebuild its nuclear program.

The oil market was shaken by Israel's attempt to cripple Iran's nuclear program and strike at its military and scientific leadership last week.

And oil: Brent is forecast to rise to $100 amid the Iranian-Israeli conflict

How did the markets react to the new round of escalation in the Middle East and what to expect next

Earlier that day, experts reported that the escalation of the Iran-Israel conflict would cause a further increase in Brent crude oil prices, up to $100 per barrel by the end of June. Against the background of the outbreak, raw materials have already risen in price to $78. In the future, the situation in the Middle East is capable of further accelerating global inflation — global stock markets have already reacted to these risks by falling.

On June 13, Israel launched a preemptive strike against Iran and declared a state of emergency. Prime Minister Benjamin Netanyahu said that the purpose of the military operation is to strike at Iran's nuclear infrastructure. In response, Iran launched several waves of missile attacks.