In addition, this panic will also be reflected in oil prices in advance. US Secretary of Commerce Ross will boost oil prices from this weekend to early next week if the negotiations go smoothly, but considering that this is a continuing fermentation problem and will not be easily resolved, the demand foLight crude oil pricesr oil may be questioned again.

The United Nations and the European Union worry that Trump's resumption of sanctions on Iran may inspire retaliation by Iran. Among them, Israel may bear the brunt. Relations between Israel and Iran have been tense for years. Iran once claimed to destroy Israel, while Israel is worried about Iran’s growing military power in Syria. In addition, once Iran possesses nuclear weapons, it will also break Israel’s nuclear monopoly in the region.

OPEC will hold a meeting within two weeks, which will determine the short-term trend of oil prices. JPMorgan Chase stated that the reason for the apparent pressure on the oil market recently is that Russia and Saudi Arabia have recently stated that they will likely raise the production ceiling at the Vienna meeting.

On July 22, Iranian President Rouhani stated that Iran can close the Strait of Hormuz. With the closure of the Strait of Hormuz, most of the oil transported from the Middle East to the rest of the world through the Persian Gulf will be restricted. You must know that the Strait of Hormuz is a strait connecting the Persian Gulf and the Indian Ocean, and it is also the only waterway that enters the Persian Gulf. If Iran really bans this waterway, other countries in the Gulf region will not want to export.

OilPrice concluded that future US crude oil exports will depend more on the price difference between WTI and Brent crude oil, as well as the pipeline transport capacity in the Permian region, that is, the speed at which oil can be transported from West Texas to Gulf Coast ports. And cost.

Although crude oil is a mature market investment tool with simple operation and long-short trading, investors always operate with a gambler mentality. For example, everything is an absolute full position operation, and if they refuse to admit defeat, even if it is high The master of, can't win every tiLight crude oil pricesme.

The Suez Canal is located in Egypt and is the third largest oil transportation pipeline in the world. The Sumaid pipeline is a pipeline connecting the Red Sea and the Mediterranean. These two routes account for 9% of the world's seaborne oil, and they are also the main route through which Middle Eastern oil is shipped to Europe.