The expert reported a possible increase in oil to $ 115-120 with the escalation of the conflict.
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- The expert reported a possible increase in oil to $ 115-120 with the escalation of the conflict.
Prices on the global oil market slowed after US President Donald Trump announced the suspension of strikes on Iran's energy infrastructure. This was announced to Izvestia on March 27 by Spartak Sobolev, Head of the Investment Strategy Research Department at Alfa-Forex.
According to him, despite the temporary decrease in tension, the situation in the Persian Gulf region remains difficult.
"Information stuffing about a possible US ground operation supports oil prices above $100 per barrel of Brent. In case of further escalation of the conflict, quotations may rise to the range of $115-120 per barrel," the expert noted.
Sobolev stressed that the current fluctuations demonstrate the high sensitivity of the oil market to geopolitical news, and investors should take into account the risks associated with instability in a strategically important region.
The head of the White House announced on March 23 that the US military would temporarily suspend strikes on Iranian power plants and energy infrastructure amid negotiations between Washington and Tehran. He also said that the United States and Iran had held two days of fruitful negotiations to resolve the conflict.
On March 24, the Ambassador of the Islamic Republic to Russia, Kazem Jalali, denied information about negotiations between Washington and Tehran. The American and Iranian sides did not hold talks during the US-Israeli military operation in Iran.
On March 26, Trump announced the postponement of strikes on Iran's energy infrastructure for 10 days, until April 6. He also noted that negotiations are continuing, and called their progress "successful."
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