100 Days of Iran Conflict Why Oil Stayed Below 200
Although about 100 days have passed since the outbreak of the Iran war, oil prices remain below $100 per barrel, having fallen to around $97 for Brent contracts and $95 for U.S. crude. This is despite some analysts predicting that prices could exceed $200. Factors such as governments injecting large quantities of reserves, some tankers passing through the Strait of Hormuz, oil being exported via pipelines, China's sluggish demand, and increased U.S. exports have helped contain the rise in prices. Nevertheless, experts warn that continuing the war could lead to shortages in inventories and higher prices, with expectations of ongoing depletion of stocks and escalating price pressures in the future.
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