Potential new sanctions against Iran in connection with the crash of Ukraine’s International Airlines Boeing 737-800 in Tehran could raise the price of oil to $ 75-80 per barrel, said BCS Premier Senior Analyst Sergey Suverov.
“Anti-Iranian sanctions have already been largely taken into account in oil prices, but new sanctions may well raise the price of black gold to $ 75-80 per barrel”, – Suverov told the reporters.
At the same time, according to him, the views of Western countries on the rigidity of the necessary measures against Iran may vary.
“There are nuances in the positions of the West: the USA will insist on the toughest sanctions, up to zeroing exports and new restrictions on the financial sector of Iran, Europe will defend milder sanctions. The question remains whether Iran will be able to buy oil from China”, – he said. Suverov added that against this background, OPEC + countries could increase oil production quotas, which Russia basically wants.
On Thursday, Canadian Prime Minister Justin Trudeau said the country has intelligence that indicates that the Boeing 737-800 of Ukraine’s International Airlines in Tehran was accidentally shot down by an Iranian missile. Soon, British Prime Minister Boris Johnson said that the Ukrainian plane could have been inadvertently shot down by an Iranian ground-to-air missile, but noted that a full-scale investigation should be conducted.