How Large is the Effect of Iran Crisis on Oil Prices: Report

Quicklink submitted by Sheila Samples     Permalink
Related Topic(s): ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Become a Fan
  (39 fans)
Image uploaded from a quicklink Tensions between Iran and the West have caused a hike in global oil prices, from $5 to $25 per barrel, according to Capital Economics. Going by the report of Capital Economics, quantifying the impact of Iran tensions is difficult because it is hard to say exactly what is, or should be, reflected in the current prices. The worst-case scenario is some form of military conflict that disrupts the flow of oil through the Strait of Hormuz. This flow amounts to around 17 million barrels per day (bpd), or close to 20 percent of the global consumption.

Read the rest of the story HERE:

At www.ibtimes.com

- Advertisement -
- Advertisement -

 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments