$20 increase in oil prices in case of damage to Iran’s oil facilities
According to Mehr News Agency to According to Reuters, investment bank Goldman Sachs announced that if Iran’s oil production is disrupted, oil prices will increase between 10 and 20 dollars per barrel in 2025.
The Zionist regime has claimed that it will retaliate against Iran’s missile attack on occupied Palestine on Tuesday, on the other hand, Iran has warned that it will respond more strongly to any aggression by this regime.
These events have increased the fear of the spread of war in the Middle East and caused oil to experience the highest weekly price increase in the past year.
Goldman Sachs analysts announced in a note: “If Iran’s oil supply is reduced by 2 million barrels per day in 6 months, if OPEC can immediately reduce production to compensate, the price of oil will rise to 90 dollars per barrel, and if OPEC fails to do this, the price of oil will increase to more than 90 dollars in 2025”.
The report of this bank states: “In the event of a one million barrel reduction in Iran’s oil supply permanently, for example with the tightening of sanctions, the price of Brent oil in the event of a gradual increase in OPEC production to compensate for this shortage will 85 dollars per barrel will go up”.
This investment bank still expects Brent oil to trade between $70 and $85 per barrel and predicts an average oil price of $77 per barrel in the final quarter of this year and $76 per barrel in 2025. barrels, of course, if the global supply of oil is not disrupted.
