Opinion: This Iran conflict is unlikely to trigger an oil crisis

Odaily Planet Daily reports that Javier Blas, author of the Energy and Commodities column, states that the recent attacks related to Iran have had a significant impact on oil prices but have not yet caused a comprehensive shock. The article points out that the damage to energy infrastructure and disruptions to oil tanker routes that the market is concerned about have not yet occurred, and Iran and related parties have not taken action against oil infrastructure.

The article mentions that even if oil prices rise, some traders expect them to reach $100 per barrel, still below the highs of $139 during the Russia-Ukraine conflict in 2022 and $147.50 in 2008. Meanwhile, bullish positions are at their highest levels in nearly a decade, and traders are prepared for risks. (Bloomberg)