On Monday, oil prices rose sharply in Asian trading due to the US strikes on Iran, which increased fears of supply disruptions in the Middle East. Brent futures rose to $79 per barrel, while WTI rose to $75. Both contracts initially gained 4%, reaching four-month highs, with Brent briefly rising to $81 per barrel. However, some of the growth was lost due to the uncertainty surrounding Iran's reaction and the US position. Brent quotes dropped to $76.75, and WTI – to $73.15. Analysts call the strikes a «significant escalation» and predict price fluctuations in the range of $90-$95. The risks of supply disruptions through the Strait of Hormuz have increased, as well as the possible introduction of new sanctions by the United States. At the same time, the prospects for nuclear negotiations between Iran and the United States remain doubtful.
