Exxon, TotalEnergies output at risk from Iran war, analysts say - Reuters
Exxon, TotalEnergies output at risk from Iran war, analysts say Reuters
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Notable Quotes
"Iran has claimed that a full closure of the Strait of Hormuz is within its power."
— Ayatollah Ali Khamenei , Politician
"I expect prices to jump to $80 per barrel if the war continues until Monday 'in a knee-jerk reaction'."
— Vandana Hari , Executive
"Oil prices will see an initial spike when the market opens on Monday."
— Amro Zakaria , Executive
"Now market players will watch ahead of the market opening if oil flows get disrupted or not."
— Giovanni Staunovo , Other
"The lion’s share of Iranian exports goes to China, so they would be the most impacted."
— Amena Bakr , Executive
Key People
Amena Bakr is the head of Middle East Energy and Opec+ research at Kpler.
Amro Zakaria is a global financial markets strategist and founding partner of Kyoto Network and Madarik Ventures.
Supreme Leader of Iran.
Former president of the United States known for his aggressive economic policies.
Giovanni Staunovo is an analyst at UBS, providing insights on energy markets.
Chief executive at Dubai-based consultancy Qamar Energy.
Vandana Hari is the founder of Vanda Insights, an energy markets analysis firm.
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<a href="https://news.google.com/rss/articles/CBMiqAFBVV95cUxPOFI0MXhNbll5VVhUUDNJbmxrMjVZMm85Y3RMdm5hQUtiZ3ZOUTJzNEFZQWplNGFqb3Vjb01IY1p1UnUybVNTWFZkb3ZWLW8tdlFUNV9YOXI0SE8td0lqT2UyRE5aekhOUmh1Z0dXM0hpWlcxRzkzTGozQ19ZNlhQVVE2UTc0ZUJFejAtYkJCRnplOWhhbjhCUFB2SC0tVWVPWDh0eDBDVDI?oc=5" target="_blank">Exxon, TotalEnergies output at risk from Iran war, analysts say</a> <font color="#6f6f6f">Reuters</font>
The U.S. and Israel's military actions against Iran have raised concerns about the security of the Strait of Hormuz, a critical passage for global oil shipments. The potential closure of the strait could significantly impact global oil supplies and prices.
The escalation of the US-Iran conflict has raised concerns about potential disruptions to global oil supplies, particularly through the Strait of Hormuz, which is vital for transporting oil to Asian markets.
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