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Photo illustration. (AP) – Oil prices are moving in the opposite direction, as market sentiment is affecting, on the one hand, the demands of US President Donald Trump that the Organization of the Petroleum Exporting Countries (TASR) OPEC) pushed the prices, and on the other hand, information from Iran that the country could block the supply of commodities in the Strait of Hormuz.
Trump Wednesday (4.7.) Still accuses the OPEC of artificially rising oil prices. Twitteri wrote that "the organization is pushing prices up, while the US of several of its members are protecting for a few dollars" . Finally, OPEC gave capital letters to reduce oil prices immediately
At the same time, markets are waiting for the development of Sino-US trade relations. By Friday, July 6, countries are expected to begin charging reciprocal import duties on $ 34 billion (29.20 billion euros) worth of goods.
However, Iran plans to impose new sanctions, including blocking its oil exports, warned that Tehran could block the Strait of Hormuz. This is the key to oil export from the Persian Gulf. Ismail Kowsari, the leader of the Iranian revolutionary government, said that if the US wanted to stop Iranian exports, Tehran will not allow any oil exports via the Strait of Ormuz
Crude Oil Prices Brent in September fell to 13.16 ECUs at $ 78.11 a barrel (159 liters). On the contrary, the WTI crude oil price of the August contract rose 37 cents to $ 74.51 a barrel
(1 EUR = 1.1642 USD)
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