Bombarded country is the ninth producer of the resource and exports just under half of the 3.3 million barrels it produces per day
The American president, Donald Trumputtered, on Monday (23), that oil prices remain low, while the market gave signs of instability waiting for the response of Tehran to the attacks of the United States to Iranian nuclear facilities. “Everyone keeps low oil prices. I’m watching it!” Trump wrote on his platform, Truth Social, minutes after the opening of Wall Street, with the main stagnant American indexes. Trump said that allowing oil prices to shoot would be “to make the enemy’s game.”
The Republican President wrote another message directed to the Department of Energy: “Perfure, Baby, Perfure !!! Now !!!”. Iran promised revenge after the United States bombard their nuclear facilities. Among his options is the closure of the Strategic Strait of Ormuz. Interrupting traffic through this vital route to oil and gas, through which one fifth of worldwide production of gross oil, would cause energy prices to fire, resulting in a global inflationary shock.
Iran is the ninth largest oil producer and exports just less than half of the 3.3 million barrels it produces per day. Brent oil, international reference, and its American equivalent, West Texas Intermediate (WTI), rose more than 4%, reaching its highest price since January at the opening of the market on Monday.
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Later they fell. Brent fell 0.44%, US $ 76.67 (R $ 421.30) around 14h GMT (11am in Brasilia), and West Texas Intermediate retreated 0.46%to US $ 73.48 (R $ 403.77).
*With information from AFP
Posted by Fernando Dias
Source: Jovempan
I have been working as a journalist for over 10 years. In that time, I have covered the news from all corners of the world, and written about everything from politics to business.I’m now a full-time author, and my work can be found at Global happenings. My aim is to bring you up-to-date news and views on global affairs, in a format that is easy to read and understand.
