Oil falls while investors released the risk that Iran could disturb the deliveries

The oil futures fell on Monday, when investors had thrown the risk that Iran disrupted the crude oil consumption goods of the Middle East after a direct attack by the US Republic over the weekend the most important core places of the Islamic Republic.

US raw oil fell 84 cents or 1.14%to 73 USD per barrel at 10:30 a.m. Global benchmark Brent was last around 81 cents or 1.05%at $ 76.20.

The oil prices fell to session lepings after President Donald Trump had demanded that “everyone” was challenged. Keep the oil prices lower. It was unclear who he spoke, although he probably asked the US oil industry to increase production.

Both benchmarks were good from their heights that were seen overnight. Brent had jumped before loosening more than 5% to crack 81 US dollars. WTI has also reached its highest level since January before moving back.

“In a scenario, the market is in terms of price in which things gradually duck,” Jorge Leon, head of geopolitical analysis at Rystad Energy, told CNBC’s “Worldwide Exchange” on Monday.

Investors are now waiting for Iran to react to the unprecedented US strikes. At the moment, the market seems to be betting that Tehran will not disturb the raw accessories, since this is probably causing a significant reaction from the United States that could endanger the regime.

However, the Iranian Foreign Minister said on Sunday that the Islamic Republic reserved “all opportunities” to defend its sovereignty.

“The worrying is that the other extreme scenario in which there is a threat to close Hormuz’s road is still realistic,” said Leon. “Things could go south very, very quickly.”

The worst-case scenario for the oil market would be an attempt by Iran to close Hormuz’s road according to Energy Analyst. Around 20 million barrels a day of crude oil or 20% of the global consumption flowed through the street in 2024, according to the Energy information management.

The Iranian state media reported on it The Iranian parliament had supported the closure the street citing a senior legislator. However, the final decision to close the street lies in the report of the Iranian National Security Council.

US Secretary of State Marco Rubio warned Iran before trying Close the street. It would be “economic suicide” for the Islamic Republic because its exports go through the waterway, said Rubio.

“We keep options to deal with it,” Rubio told Fox News in an interview on Sunday. “It would be much worse than our hurt the economies of other countries.

According to the monthly oil market report from Opec published in June, Iran produced 3.3 million BPD in May, in which independent sources of analysts are specified. In the past month, 1.84 million BPD was exported, with the vast majority being sold to China. According to data by Kpler.

Rubio asked China to use his influence to prevent Tehran from closing the street. About half of the water -bound crude oil imports of China come from the Persian Golf Pro Kpler.

“I encourage the Chinese government in Beijing to call it because it depends heavily on Hormuz’s street for her oil,” said Rubio.

Investors also observe the likelihood of further destabilization of the Iranian regime due to the enemy hostility in the USA, in view of the example of the long -term effects that NATO’s dawn had had on the deliveries of Libya in 2011.

On Sunday, the Iranian revolutionary guard warned that “the US bases in the region are not their strength, but their greatest vulnerability” without specifying certain websites, it is Google-transplanted comments worn by the Iranian news agency Fars.

Young but revitalized diplomatic relationships between former rivals Iran and Saudi Arabia were able to spread the possibility of disruptions in supplying the world’s largest rough exporter.

“The Kingdom of Saudi Arabia follows the developments in the Islamic Republic of Iran, especially the goal of the Iranian nuclear facilities by the United States”, the Saudi Ministry of Foreign Affairs said on Sunday. Riad, a close US ally in the Middle East, has restricted his participation in the offensive of Iran-Israel.

Already in 2019 – four years before the diplomatic relationships with Iran was resumed, the ÖLINSTAUSTER SAUDI -ARABIES in Abqaiq and Khurais had suffered in attacks that were asserted by the Houthis, however, for whom Riad and the USA said that Iran was taken on responsibility. Tehran denied the participation.

When the Israeli-Iranian brand’s resumption last week, the head of the International Energy Agency Fatih Birol said that the institution had monitored the developments and that “the markets are delivered well today, but we are ready to act if necessary” with 1.2 billion barrels of emergency stocks on standby.