Madrid. A month has passed since the United States and Israel launched an attack on Iran, disrupting the calm of the financial markets. During this time, the price of a barrel of Brent crude has risen by 55%, reaching 112 dollars. Uncertainty has dominated the past few weeks, during which a conflict that extends over time has been confirmed. This scenario has led to an increase in oil and gas prices due to damage to energy infrastructures and the possibility of a reduction in global supply. The price of Brent has jumped by 55.31%, nearing 120 dollars. The benchmark oil in the United States, known as West Texas Intermediate (WTI), has experienced an increase of 48.67% and is approaching 100 dollars, reaching its highest level since mid-2022. At the same time, the price of gas has risen by more than 70%, reaching 54.155 euros per megawatt hour. There have been declines in the major stock exchanges. Aside from the 8.49% drop in the IBEX, the Spanish index has decreased by 11.8% since the outbreak of the conflict in Iran; Paris has fallen by 10.24%; London by 8.64% and Milan by 8.11%. According to Manuel Pinto, an analyst at XTB, these declines indicate a pessimistic environment due to the potential economic slowdown, stemming from the rise in energy prices, increased inflation and the anticipation of interest rate hikes.
Oil rises by 55% after the first month of the war in the Middle East.
