The price of oil is falling today, following the missile attack that Iran launched at the US base of Al Undeded, located in Qatar. Around 21.15 (Greek time) the price of US crude WTI dropped to $ 69.01 a barrel (-6.51%), returning to the level where it was before Israel’s air strikes in Iran on June 13. The North Sea Brent fell 6.41%to $ 72.07 a barrel to the lowest level of the last ten days. “It is a military target, far from urban centers and it seems that oil facilities are not threatened,” commented John Cildaf’s Agan Capital. According to the analyst, the market does not consider it to be a escalation of the conflict but a “measure that the Iranians took to save the pretexts”.
Source: News Beast
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