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Bank of America Merrill Lynch warned that crude oil prices could exceed $ 120 a barrel if US sanctions on Iranian oil come into effect in November
The Bank added that it would be difficult to face a total halt in Iran's oil exports, while analysts are questioning the US's ability to halve exports of 2.4 million barrels a day.
US President Donald Trump has asked Saudi Arabia to increase its output by 2 million barrels a day.
Washington announced last May its withdrawal On its side, Iran threatens to halt oil exports across the strategic strait of Ormuz in response to US efforts to stop Iranian oil sales, claiming that it would impose new sanctions on the Iranian energy sector to prevent it from developing its weapons, especially ballistic missiles.
On world markets, oil prices fluctuated on Friday as US crude increased with speculative support, and Brent crude suffered global trade tensions and Saudi output
West Texas crude rose more than 1% to $ 73.8 a barrel, While Brent crude dropped to about $ 77 Brent ended the week with a loss of about 3%.
Global energy markets have fluctuated over the last week due to increasing US pressure on the Iranian oil sector. 1960 with the exception of a rise in 2008, with the price per barrel to more than 140 dollars due to the economic crisis in the world.
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