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The price of crude oil rose by over 2% immediately after the attacks on Iran. Brent crude reached around $73 per barrel on Saturday, while international media reports that, if the escalation continues, the price could reach $80 per barrel in the short term.
Global energy markets are facing heightened uncertainty due to fears of potential supply disruptions. Iran has previously warned it could close the Strait of Hormuz, one of the world's most important shipping lanes for oil, if attacked.
The Strait of Hormuz is a key hub for global trade, carrying about 20% of the world's daily oil consumption. A potential blockage of this route would have a direct impact on rising fuel prices and put severe pressure on the global economy.
According to market analysts, in an extreme scenario where Iran interferes with the flow of oil through Hormuz, the price of Brent could rise to $100–$130 per barrel.
In addition to the energy market, developments have also affected virtual assets. After the coordinated attack by the US and Israel on Iran, Bitcoin fell to around $60,000, losing about 5% of its value in a short time.
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