The attack of Israel at Iran He shook the markets, with investors who are run away from titles and instead falling back on safer refuge assets such as gold and currencies. As a direct consequence of the attack, the price of oil has also risen to the stars, with the future of the Brent that exceeds the psychological threshold of 75 euro.
How bags react
Start in Forte Rosso for the main European bags. Tensions that have already made their effects felt on the Asian lists, with Tokyo that leaves over 1%on the ground. Thus the FTSE MIB index at -1.21%loses altitude in Piazza Affari. Negative sign also for all the other main financial squares: from Frankfurt (Dax 40 -1.01%) to Paris (CAC 40 -0.66%), passing through Madrid (Ibex 35 -1.28%) and London (Ftse 100 -0.27%).
With the increase in oil, the energy securities are benefited from this day: Eni is at +1.72% to 14.09 euros per share, then tenaris follows at +0.23% to 15.56 euros. But the defense titles are also benefited, with Leonardo at +1.61%.
Brent and WTI to the stars
Brent grows by $ 5.50 (+7.89%) and reaches the 75.20 dollars To the barrel while the future on the WTI mark +8.23% to 73.64 dollars per barrel. This is the greatest intraday rally since March 2022, when the Russian invasion of Ukraine unleashed a similar race of energy prices.
The scenarios proposed by analysts draw a worrying picture. During the week JP Morgan Chase warned that, in an extreme scenario in the Middle East, prices could touch the 130 dollars to the barrel. If the Iranian transport and production assets were affected, up to 1.7 million barrels per day could be at risk. In this case, according to Ing estimates, Brent could reach 80 dollars, probably stabilizing around 75.
But to worry the markets is above all the scenario of the Strait of Hormuz between Iran and Oman. Neurgical center of hydrocarbons exports by sea by the Arab countries of the Persian Gulf and Iran, this passage sees about a quarter of the world oil trade transit. If inconveniences in this region occur, up to 14 million barrels per day could be at risk, with prices that could fly up to 120 dollars.
The consequences for petrol
Will this new escalation change something side of gasoline in Italy? It is still too early to answer this question, but surely you have to expect some rise in the next few days, unless the government will intervene.
Moreover, the story already took place with the attacks of the Yemeniti rebels would be repeated Houti That, attacking the ships that passed on the Strait of Suez and Bab-El-Mandeb, had led petrol prices to grow. Eni on December 19, 2023 increased the prices of a penny, with other companies that followed the wheel.
At the moment, the prices of the gas they are as follows:
- On the street it is 1.695 euros per liter (on equal terms of the 1,695 of the previous day);
- On the highway, 1.799 euros per liter are reached (growing compared to 1,798 of the previous day).
Growing prices therefore, but it will be necessary to wait a few more days to see the effects of this attack, yet another in the Middle East and which could open a bloody new chapter.
