Arabic version: استقرار أسعار النفط رغم الاضطرابات المستمرة من النزاع الإيراني
The ongoing conflict in Iran has significantly impacted global energy markets, yet oil prices have managed to stabilize around $100 a barrel. According to Al Jazeera, more than 100 days into the conflict, 20 percent of the world’s energy flows remain disrupted, marking this situation as the biggest supply shock in history.
Analysts have expressed concerns that a prolonged disruption, particularly in the Strait of Hormuz, could potentially push oil prices above $200 a barrel, which would likely trigger a significant global economic crisis. However, for the time being, the worst-case scenario has been avoided.
Countries have responded by releasing their strategic reserves, while exporters have sought alternative routes to maintain supply. Additionally, a decrease in demand has contributed to the stabilization of oil prices, though experts caution that these buffers are thinning.
The Organisation for Economic Co-operation and Development (OECD) has warned that the economic repercussions of the conflict may persist into 2027, even if the hostilities were to cease immediately. The global economy continues to grapple with inflation and slower growth, underscoring the ongoing impact of the situation in Iran.
