Oil prices have risen to a maximum since November

Яна Орехова World
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Oil prices have risen to a maximum since November

On January 13 of this year, the price of March futures for Brent crude oil on the London ICE exchange exceeded $65 per barrel, marking the first instance since November 18. This increase was driven by events in Venezuela and the unstable situation in Iran, raising concerns among market participants regarding supply.

Additionally, the day before, U.S. President Donald Trump announced the imposition of secondary sanctions against Iran's trading partners, including those who purchase oil from it. A 25% tariff will be imposed on all trade transactions with American companies for countries found to be circumventing these restrictions.

Experts also do not rule out the possibility of U.S. military intervention, which could lead to unpredictable consequences, including a reduction in oil supplies from the Persian Gulf.

Previously, analysts from Goldman Sachs predicted that by the end of 2026, the price of Brent oil could fall to $54 per barrel, with an annual average price of $56, while the main risks to the realization of this forecast are geopolitical factors.
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