Oil prices jump after news of Israel’s readiness to strike Iran’s nuclear facilities

Oil prices jumped after a CNN report that American intelligence information indicates that Israel is preparing to a possible blow to Iran’s nuclear facilities.

Brent crude rose to exceed $ 66 a barrel, while Texas cried jumped by 3.5% before he reduced his gains.

It is not yet clear whether Israel had made a final decision regarding the implementation of strikes, according to CNN, which was based on officials whose names were not exposed, and any Israeli attack that would disrupt this progress, and increase tension in the Middle East, which provides about a third of global oil supplies.

Robert Rene’s commodity and carbon research chief, Robert Rene, said: “This is the most clear indication of the severity of the situation in Iran’s nuclear talks with America, and to what extent can Israel go if Iran insists on maintaining its nuclear capabilities,” adding, “The oil will retain a risk allowance as long as these talks continue without tangible results.”

High currencies

The CNN report also traditionally safe currencies, such as the franc and the yen, has led to a short period before it retreated, and the US Department of Defense and the National Security Council did not respond to requests for suspension, while the Tel Aviv embassy in Washington also refused to comment as well.

Israel has long been considering targeting Iran’s nuclear program, but the question remains about the extent of the sites affected by any attack, with the exception of the harshest types of strikes, and these plans were previously affected by statements from the American President at the time Joe Biden, after the attacks that took place between the two countries last year.

During the current week, Iranian leader Ali Khamenei said that he does not believe that the current round of negotiations with America will lead to a conclusion, while Bloomberg Intelligence indicated that the prices of Texas crude may land to $ 40 a barrel, if the sanctions imposed on Iran’s oil exports are lifted.

Iranian oil flow

Despite the increasing US and European sanctions, Iran was able to continue exporting oil, and even recently managed to increase its supplies, according to “Goldman Sachs”.

“Iran is its supply increased one million barrels per day in the past few days, and if this million barrels are removed from the market, this may lead to an increase in the oil price of 8 dollars per barrel.”