Oil prices rose after the US strikes on the Iranian island of Kharq. If the attacks continue, global markets could lose up to 1 million barrels of oil, writes The Wall Street Journal.
After the US strikes, oil prices rose by more than 2%, RBC quoted the newspaper. Thus, the cost of West Texas Intermediate crude oil exceeded $ 115 per barrel.
It is noted that if the attacks on Khark do not stop and affect its oil infrastructure, then Iran will have to reduce oil production. This could lead to the loss of another 1 million barrels on the world market in addition to cuts from Iraq, Kuwait and Bahrain.
On April 7, the Iranian Mehr news agency reported that several explosions had occurred on the island of Khark. Axios journalist Barak Ravid wrote that the United States had attacked military facilities on the island. According to the Iranian ILNA news agency, not a single oil facility on the island came under attack.
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