Oil - Overview as of 23.06.2025

Financial and commodity markets analytics


A sharp rise in tensions in the Middle East led to an increase in oil prices. However, despite the geopolitical situation, quotations remained below the peaks recorded earlier and held in the previously described area of $74-75. Market participants are betting on the fact that OPEC will be able to compensate for possible supply disruptions. In turn, JPMorgan believes that even a partial intervention of Iran in maritime transportation can lead to a jump in oil prices by tens of percent, and Goldman Sachs predicts the potential for short-term growth to $110 per barrel if the Strait of Hormuz is closed for a month. For now, however, markets remain restrained, reacting more to the potential threat than to events that have already occurred.