Viewpoint: The Iran Conflict Is Unlikely to Trigger an Oil Crisis

Odaily News According to an article by Javier Blas, a columnist specializing in energy and commodities, the recent attacks related to Iran have had a significant impact on oil prices but have not yet constituted a comprehensive shock. The article points out that the market's concerns regarding damage to energy infrastructure and disruptions to oil tanker routes have not materialized so far, and Iran and related parties have not taken action against oil infrastructure.

The article mentions that even if oil prices rise, with some traders anticipating an increase to $100 per barrel, it would still be lower than the peaks of $139 during the 2022 Russia-Ukraine conflict and $147.50 in 2008. Meanwhile, current bullish positions are at relatively high levels over the past decade, indicating that traders are already prepared for the risks. (Bloomberg)