Future contracts for gross oil rose about 4% after the US launched Saturday against nuclear targets in Iran. High is related to Iran’s parliament approval to close the Ormuz Strait, the maritime stretch used as a route for 20% of the world’s oil transport.
The escalation of the tension in the Middle East caused the oil value to reach $ 76 earlier this week, scheduled to shoot in the coming days, as pointed out by experts.
In Brazil, with the increase in inflation and interest rate, diesel and gasoline prices can be readjusted at R $ 0.39 and R $ 0.17, respectively. Inflationary and oil seizures would also be determinant for a likely increase in food price in the country.
Understand the case
The Parliament of Iran, approved, on Sunday (22), the closure of the Strait of Ormuz. The measure still needs the approval of an advice and the signing of Ayatollah, there Khamenei.
The act is viewed by the international community as a non -military retaliation for US attack on military bases of the Iranian nuclear program. Moreover, the measure can be understood as a way of responding to the offensive without showing weakness, as Washington has promised a catastrophic response in case of a war action from the Iranian regime against US basis.
The closure of Ormuz would have devastating consequences for the global economy, especially to other Middle East countries, besides China, which imports about 45% of all their oil by the narrow. The White House would have sent a request for Beijing to perform its diplomacy and influence to help reverse this situation.
One factor that can contribute to the revocation of the measure is the negative impact on the Iranian market, given that the country faces an economic crisis, which could be aggravated by the plan. Iranian exports would also be affected by closing Ormez.
