The probability that Iran’s leadership blocks the hormuz narrow for shipping has increased after American air attacks in Iran’s nuclear facilities.
At the time of the publication, the shares of the YES side of the contract that is quoted in the Polymercado “will close the hormuz narrow before the June 30 is negotiated to 40 cents, which represents a 40% probability. That is a remarkable increase of 14% on Saturday.
Approximately 20 million barrels of oil are transported through the Hortuz Strait daily, which represents about 20% of world oil consumption, according to the observer of the Middle East forum. Therefore, the potential closure of hormuz could trigger a sustained shock in the price of oil.
According to JPMorgan analysts, closing the hormuz narrow could catapult crude oil prices for $ 120 to $ 130 per barrel.
Such an increase in oil prices, together with the current trade war, could lead to stagflation, the worst result for financial assets, including cryptocurrencies.
When writing, the cryptocurrency market has not shown any panic, with Bitcoin
Continue merchant over $ 100,000, according to Coendesk data.
President Donald Trump confirmed the air attacks on Saturday night, saying that the attack erased three critical Iranian nuclear enrichment facilities, calling “the Middle East stalker [Iran] To make peace. “
