TEHRAN- The spokesperson for the Union of Petroleum Products Exporters, referring to the increase in global oil and gas prices due to the aggression of the United States and the Zionist regime against Iran, stated: “Today, the global economy is more affected by this increase than ever before.”
Seyyed Hamid Hosseini said in an interview with IRNA, analyzing the situation that has arisen in the world energy market following the aggression of the U.S. and Israel against Iranian territory: “The Persian Gulf countries supply nearly 40 percent of the world’s exported oil and provide about 50 million barrels of the world’s oil.”
He added: “Of this, 20 million barrels of oil and gas pass through the Strait of Hormuz daily, and certainly any incident in this strait will have a direct impact on the energy market.”
Referring to the latest developments in this strategic region over the past week, he said: “As we saw, immediately before the start of the U.S.-Israel war against Iran, without the Strait of Hormuz being physically closed, the price of oil first increased from $60 to $70. But after the failure of negotiations and the start of the war, the price increased to $83 and at times to $87.”
This energy sector expert emphasized: “Following this overt aggression, the price of gasoline per barrel rose from $82 to $94 and even up to $107.”
Hosseini, stating that the price of liquefied petroleum gas (LPG) has been most affected by these developments, said: “In recent days, the price of LPG has increased by up to 60 percent. Consequently, European stock exchanges turned red, and the global economy was impacted.”
MA
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