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Opinion: The current conflict in Iran is unlikely to trigger an oil crisis
Svmuu News: Javier Blas, a columnist covering energy and commodities, wrote that while the recent attacks linked to Iran have had a significant impact on oil prices, they have not yet caused a full-scale shock. The article notes that the damage to energy infrastructure and disruptions to tanker routes that the market is concerned about have not yet materialized, and neither Iran nor related parties have taken action against oil infrastructure. The article mentions that even if oil prices rise—with some traders expecting them to climb to $100 per barrel—they would still remain below the highs of $139 during the Russia-Ukraine conflict in 2022 and $147.50 in 2008. At the same time, current long positions are at near-decade highs, and traders are prepared for the risks. (Bloomberg)
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