Fears of a surge in Brent oil prices on the international market today are not confirmed – although it is still early for safe conclusions.
Initial price recordings today show that the price remains at last Friday’s levels, before the Iranian strike on Israel.
A short while ago, the Brent trading price in international markets was around $90.20 per barrel, roughly where the markets closed on Friday.
The development of transactions within the day – as well as the following period, depending on developments concerning the risk of further escalation in the Middle East – will show to what extent the pessimistic forecasts for entering a new period of energy and economic crisis will be confirmed.
However, the initial trading of the day allows for some reassurance for now regarding the market’s reaction to the rapid deterioration of Israel-Iran relations.
