The country’s supreme leader Ayatollah Ali Khamenei was killed in an attack by the United States and Israel on oil-rich Iran. Experts fear that this incident will have a major impact on the price of oil in the world market. They say that the price of oil may increase up to 9 percent as soon as the world market starts trading on Monday, the first day of the week.
According to the British newspaper Guardian, before the attack on Iran, analysts thought that if the attack was limited, the price of crude oil in the world market could rise to 10 US dollars per barrel. However, after Khamenei was killed, analysts backed away from this forecast. They are now saying that the price of oil may rise up to 9 percent in the world market at the beginning of the day on Monday.
Energy research firm Rystad Energy said crude oil prices could rise as high as $20 a barrel at the start of the week on Monday. According to that, the increase of oil per barrel can stop at 90 dollars. However, if the situation in the Middle East improves today, the organization said that it may not increase so much. Also, if the oil-rich OPEC alliance and other major oil-producing countries, including Russia, agree to increase production, the price increase will not be much.
Rystad said that if the transportation of goods in the Strait of Hormuz is interrupted for a long time, then the price of oil may exceed $100.
