Oil prices surge toward $100 per barrel after Israel-Iran escalation, consumers to feel impact at the pump
By
RTL Z
Properly proved. Has structure, has flavour, has a point.
Summary
The article reports on escalating conflict between Iran and Israel, with Israel attacking military targets in Iran following Iranian missile strikes. This has caused oil prices to spike sharply — US oil up 4.4% to $94.56/barrel and Brent crude up 4.5%, heading toward $100/barrel. Energy expert Jilles van den Beukel (HCSS) warns that beyond the immediate price surge, there are growing concerns about long-term price increases due to declining oil reserves and uncertainty over a peace deal and reopening of the Strait of Hormuz. Consumers will feel the impact at the gas pump.
Key quotes
· 3 pulledDe prijs van een vat Amerikaanse olie steeg maandagochtend 4,4 procent tot 94,56 dollar en Brentolie, de maatstaf voor olie uit het Midden-Oosten en de Noordzee, werd 4,5 procent duurder.
Met het nieuwe geweld in het Midden-Oosten is er weer onzekerheid ontstaan over een vredesdeal tussen Iran en de Verenigde Staten en een volledige heropening van de Straat van Hormuz voor olietankers.
Ook groeien de zorgen over prijsstijgingen op langere termijn wegens de teruglopende olievoorraden, zegt energie-expert Jilles van den Beukel van het Haags Centrum voor Strategische Studies (HCSS) tegen RTL Z.
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