The economist predicted a slight market reaction after the strikes on Iran

Markets are still reacting poorly to the US and Israeli attacks on Iran, as they are closed, and the main reaction will be after the weekend. This opinion was expressed on February 28 by Sergey Pikin, director of the Energy Development Fund, in a conversation with Izvestia.

"The markets may really react to this, but we won't see any extraordinary highs. I think the maximum is that we will reach the level of maybe $75 per barrel, a little more," the expert noted.

According to him, such price spikes have been ending quickly lately if the situation does not follow a pessimistic scenario. After the aggravation ends, the markets recoup with a bigger drop than the growth was.

Pikin predicts that prices will then return to the zone below $70, closer to $67-66. He added that so far what is happening looks more like speculation, and much will depend on developments over the weekend.

The Middle East beyond the border: Israel strikes Iran

Israel launches a series of attacks on military and nuclear facilities, Tehran is preparing a response

Israel launched a preemptive strike on targets in Iran on the morning of February 28. The operation was called "Yehuda Shield." Iran has completely closed its airspace to all types of vessels. Explosions and communication outages were recorded in Tehran. Trump confirmed that the United States has launched a large-scale military operation against Iran. He assured that "he will take care to deprive Iran of the opportunity to obtain nuclear weapons."

Later, the IDF recorded rocket launches from Iran, directed towards the country. The Islamic Revolutionary Guard Corps (IRGC, part of the Iranian Armed Forces) has launched a large-scale retaliatory operation against Israel.

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