Israel-Iran conflict may add up to $10 risk premium to oil prices
The conflict between Iran and Israel could add a geopolitical risk premium of $5-$10 to oil prices, as the Middle East region’s security risk rises, global rating agency Fitch has said.
“We expect the geopolitical risk premium in oil prices to be contained at around $5-$10. Material disruption to Iran’s production or export infrastructure would add more upward pressure to prices,” Fitch adds.
Iran produced about 3.26 million barrels a day of crude oil in 2024, according to OPEC.
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