Reuters reported a possible increase in oil prices to $ 100 per barrel.

Analysts and oil traders expect oil prices to rise to $100 per barrel due to Israeli and US strikes on Iran and the shutdown of shipping through the Strait of Hormuz. This was reported on March 1 by the Reuters news agency.

"We expect prices to open much closer to $100 per barrel and possibly exceed this level if we see a prolonged closure of the strait," Ajay Parmar, director of Energy and Refining at ICIS, told the agency.

The article notes that Barclays analysts and the heads of state of the Middle East make similar forecasts.

The barrel front: how the Middle East crisis has affected the energy sector

Iran threatens US energy facilities, Israel stops operation of its gas fields

Ron Bousso, a Reuters energy columnist, said earlier in the day that the US and Israeli strikes on Iran had plunged the oil market into the biggest crisis in recent decades, and if the conflict did not stop, oil prices would rise sharply on March 2.

The day before, the Strait of Hormuz in southern Iran, which is used for the passage of oil tankers, was completely closed by the Islamic Revolutionary Guard Corps (IRGC). Some major oil companies and leading trading houses have suspended the supply of crude oil and fuel through the Strait of Hormuz amid Israeli and US strikes on Iran.

On February 28, the United States and Israel launched a large-scale military operation in Iran. US President Donald Trump called it the goal of "protecting the American people." Israel and the United States have carried out numerous attacks on military and civilian targets in Iran, including a school in the city of Minab.

In response, Iran launched Operation True Promise 4 and attacked American military bases in the Middle East, as well as Israeli cities. The UAE, Bahrain, Iraq, Oman and other Persian Gulf countries were affected by the Iranian attacks.

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