El petróleo da un paso más en su escalada
El petróleo vuelve a elevar la presión sobre el conjunto de los mercados financieros. El barril de Brent da un paso más en su escalada, y amplía sus máximos desde mayo al alcanzar los 114 dólares. Leer
Oil is once again pushing up financial markets. Brent crude reached a new high of $114, extending its peak since May for the third consecutive week. This surge is the 16th rally of the month alone, after remaining above $114 for the first time in over a month. The upward momentum continues today, pushing oil prices above $114. Since May, the crude price has not reached such a high level before.
This sharp rise is intensifying inflationary pressures and adding economic and monetary pressures. The impact of this on central bank policies further complicates the debt market landscape. The main driver of the price increase remains fears of a potential escalation in the Middle East. Shiite rebels allied with Iran have stepped up attacks in recent days, targeting Saudi Arabia and particularly Saudi oil facilities operated by Aramco.
However, the market also anticipates more supply problems. Recent Israeli statements suggest a possible new offensive against Iran aimed at ousting Tehran's regime, with the election in the US mid-year potentially influencing this decision. Analysts consider scenarios of direct attacks on Iran once the elections are over, and a prolonged blockade of the Strait of Hormuz.
This has led to an increase in the geopolitical risk premium embedded in oil prices. ING analysts note that markets are increasingly concerned about a new escalation in the Persian Gulf, a scenario that could threaten oil flows, which have remained resilient so far.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
