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Middle East situation impacts global oil prices

Middle East situation impacts global oil prices

Energy prices in the global market have started to rise again. In particular, the price of a barrel of Brent crude oil has exceeded 87 dollars. This is the highest level observed since July 2024. According to the London Stock Exchange, oil prices have increased by nearly 18 percent since the beginning of the week.

The rapid rise in prices is caused by military conflicts in the Middle East. Strikes by the US and Israel on Iranian territory, as well as Tehran's retaliatory attacks on regional facilities, have complicated the situation. In particular, Iran's control over the Strait of Hormuz, which is of strategic importance for global oil trade, is fueling concerns.

Analysts believe that if the situation in this sea corridor does not stabilize, oil prices could exceed the 100 dollar mark. Nevertheless, Goldman Sachs bank forecasts an average price of around 76 dollars for the second quarter. Amid regional instability, the price of Russian Urals crude oil has also risen, exceeding 49 dollars.

Experts warn that if military operations in the Middle East continue, prices in the global energy market may fluctuate further. For now, investors are closely monitoring the development of the situation.

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