⚠️ last UPDATE 03:12 ⚠️
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Price Tatget for oil ($IOIL00 (+1,12%) ): 100$
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Short summary:
The Iran has launched a massive drone attack on Israel by launching more than 50
drones towards Israeli airspace. In response, both the Iranian as well as the Israeli airspace were closed, and Jordan also followed suit. US President Biden and Scholz, expressed their support for Israel and condemned the actions of Iran.
▪️Iranischer🇮🇷 Drone attack on Israel🇮🇱announced.
▪️🇮🇷 Drones reported on the way to 🇮🇱
▪️🇮🇷 Drones over Iraq🇮🇶 spotted during the attack on 🇮🇱
▪️🇮🇱 Preparation for direct attack of 🇮🇷 announced.
▪️ Closure of 🇮🇱 airspace reported.
▪️Schließung of the 🇯🇴 airspace due to the 🇮🇷 drone attack on 🇮🇱.
▪️🇮🇷 Drone attack on 🇮🇱 confirmed.
▪️Notfalltreffen of the 🇺🇳 Security Council convened.
▪️🇮🇱 announces measures to counter all air threats to counter all air threats.
▪️🇮🇱 calls Emergency meeting of the 🇺🇳 Security Council convenes.
▪️🇺🇸 and 🇩🇪🇦🇹 express their support for 🇮🇱 and condemn the 🇮🇷 attack.
▪️Telefonat between Biden and Netanyahu
▪️🇺🇳 Secretary General condemns the 🇮🇷 attack on 🇮🇱
▪️🇺🇸🇬🇧 Fighter jets shoot down 🇮🇷 drones in 🇸🇾 down.
▪️Berichte about injuries caused by 🇮🇷 attack on 🇮🇱.
▪️Angriff on base with 🇺🇸 troops near the airport Erbil airport reported in 🇮🇶.
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The impact of the conflict on oil ($IOIL00 (+1,12%) ) are considerable, as the risk of supply disruptions will lead to a major price increase. The war in the Gaza Strip alone has already had some impact on oil prices.
The Iranian attack on Israel will put additional pressure on oil prices as will the voluntary cuts of 2.2 million barrels per day by OPECwhich has been extended to maintain market stability. I
forecast that the price will remain at around 100 US dollars will end up
Indiawhich is one of the largest oil consumer andimporterswill be particularly vulnerable to further levels of conflict. The impact of the Gaza war on India has been minimal so far, but the current escalation will put a big dot in the big picture, on the oil supply India's oil supply and even jeopardize it as India is heavily dependent on imports from the Middle East imports from the Middle East.
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