Oil prices rose sharply immediately after the Israeli strike on Iran – amid traders’ concerns about the possibility of disruption of the supply of “black gold” to the world market due to this attack.
In the first three hours after the strike, from the third to six o’clock in the morning of 13 June quotations soared from about 70 to more than 78 dollars per barrel of the benchmark brand Brent.
As of 10: 00, the price had already dropped to less than $73 per barrel – still more than before the attack, but less than when analysts would have expected the standoff to continue escalating.
The price of oil on the world market has a tangible impact on the budgeting of oil-exporting countries – including Russia.