"The sun does not go up because the cock is shouting. An increase in oil prices and a broken nuclear deal between the United States and Iran - processes are synchronized in time, but not dependent on each other. Although it is represented just like that. The share of Iranian oil in the world market is not decisive, as, for example, the share of oil from Saudi Arabia or Russia. Daily, over 98 million barrels of oil are sold in the world. Only 2.6 million barrels are Iranian oil. Moreover, even if the United States reintroduces sanctions against Iran, this does not mean that Iranian oil exports will be completely halted. Iran can easily sell its oil to China, India, South Korea below the world price",- the expert says.
The price of oil is rising due to oil speculators, the expert says.
Just as quickly as the price of oil has increased, it can rapidly collapse.
