What Trump strikes against Iran for gas prices with increased oil costs star-news.press/wp

In the midst of the conflict between Israel and Iran, oil prices have risen, and after President Donald Trump announced on Saturday that the United States will join the attack on Iranian nuclear sites, concern about what this means gas prices in America.

The United States brought down bombs on the three main nuclear sites in Iran on Saturday evening – Fordo, Natanz and Safhan – fears fears of expansion in the Middle East conflict that could throw the oil market in turmoil.

With a lot of the West really seeing, additional increases can be looming on the horizon with the continued conflict.

Why do it matter

After the American attack, Iran’s reaction will reveal whether the conflict can develop into a major or even international regional conflict.

Iran may be divided against American forces in the region, cutting the global oil supply route or trying to accelerate its nuclear program. Although Trump has warned of more military action if Tehran is now not decided, peace.

What do you know

Last week, Brent crude stocks have already jumped by 11 percent since Israel attacked Iran and It is expected to continue The rise on Monday, according to the Emirati newspaper Gulf NewsAlthough the prices were fluctuating.

On Friday, the oil market stabilized, according to Reuters, after the United States imposed new sanctions related to Iran, which fueled the hopes that the negotiation agreement between the two countries would be done.

This relief on the market was only temporary after Iran threatened to close the Strait of Hormuz, the most important optional point in the world, in response to American strikes.

Iran is afraid of attacking the American oil infrastructure in the region, and it loves it on the Strait of Hormuz “can combine prices and speculation about security and dependence on supply.” Newsweek.

He added, “The lack of clarity in the period in which this condition will continue will also lead to the storage or preventive purchase by other countries, so there are concerns about the competition that will increase the prices,” he added.

Thinking about the impact of beating on US gas prices, Kennedy said it is in the long run, the conflict “will definitely witness the high prices of energy in pumps.”

“This is not a work that remains only in the Gulf region, and it has wider global strategic ripples,” he said.

Kennedy said that the high oil prices may also mean that Russia is able to get more money – the oil increased from the Orlers region by 26 percent last month. “This makes the war in Ukraine last longer, and it also gives (President Vladimir) Putin political and economic ammunition alike to continue his war efforts and avoid the need for peace talks.”

What people say

Greg Kennedy, director of the Economic Conflict and Competition Research Group at King’s College London said Newsweek: “The overall effect of actions that made the world seem less safe than it was in the past was always the cost of the sector and civil society as a whole.”

What happens after that

As the conflict and its repercussions continue to appear in the next few days, it will become more clear how important prices are.