ANZ warn on Hormuz disruption, oil could rise to US$95 / bbl ...Middle East

forex live - News
ANZ warn on Hormuz disruption, oil could rise to US$95 / bbl

Reuters carry a few comments from analysts in response to the weekend developments re Trump's strike on Iran.

JP Morgan take a bit of a big pic view:

    cautioned that past episodes of regime change in the region typically resulted in oil prices spiking by as much as 76% and averaging a 30% rise over time

    Trump floated the idea of regime change after many in the admin deniend this was a goal:

    Trump is tweeting about regime change in Iran

    ANZ on the nearer term:

    "With the U.S. becoming involved, the risk of Iran retaliating by disrupting the flows of oil from the Middle East has risen significantly," "Prices in the $90–95/bbl range would be the likely outcome."

    I passed on info a few minutes ago saying that while closing Hormuz is not going to happen, that doesn't mean there will be no disruption:

    There is basically zero chance Iran will be able to close the Strait of Hormuz This article was written by Eamonn Sheridan at www.forexlive.com.

    Read More Details
    Finally We wish PressBee provided you with enough information of ( ANZ warn on Hormuz disruption, oil could rise to US$95 / bbl )

    Apple Storegoogle play

    Also on site :