They will restrict cooperation with the UN in nuclear matters and jump the price

They will restrict cooperation with the UN in nuclear matters and jump the price

The Islamic Republic on Wednesday implemented a new legislation that increases the requirements for international organizations to observe its nuclear facilities.

The Petroleum Futures Register A Return during the morning this Wednesday in international markets, promoted by the growing geopolitical tensions after Iran’s decision to suspend his cooperation with the United Nations Nuclear Agency.

He Brent crude increases 76 cents, equivalent to 1.1%, reaching $ 67.90 per barrel at 8.45, while the West Texas Intermediate (WTI) American It rose 89 cents, 1.3%, located at $ 66.40 per barrel.

Since June 25, Brent ranged between a maximum of $ 69.05 and a minimum of $ 66.34 per barrel, after concerns about concerns about possible interruptions in the oil supply from the Middle East They will decrease after the high fire between Iran and Israel.

Increase the hermeticism of the Iranian nuclear program

However, the Islamic Republic implemented on Wednesday a new legislation which establishes that any future inspection of its nuclear facilities by the International Atomic Energy Agency (OIEA), dependent on the UN, It will require the Approval of the Supreme National Security Council of Tehran.

This is because The Persian country accused the institution of favoring Western countries and provide justification for Israeli air attacks on their nuclear facilities.

nuclear Iran

Recent Israel's bombings on Iran damaged their nuclear program.

Recent Israel’s bombings on Iran damaged their nuclear program.

Depositphotos

What is expected for the price of oil

“The market is incorporating a certain geopolitical risk premium For the measure of Iran with respect to OIEA, “he explained Giovanni Staunovoraw material analyst UBS in statements collected by Reuters. “But this is about feeling, There are no real interruptions in the oil supply

Meanwhile, the general exports of OPEC+ They remain relatively stable or slightly down since March, said Staunovo, who waited for this trend to persist during the summer boreal Because high temperatures drive greater energy demand.

Similarly, Phillip Nova’s senior analyst, Priyanka Sachdevaraised to the same means as the planned increases in the supply by the Organization of oil exporting countries and their allies (OPEC+)they already seem to be contemplated by investors and it is unlikely to surprise the markets again.

Source: Ambito

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