Barclays: There are potential risks that could raise oil prices by $15.

Analysts at British bank Barclays expect, in a memo released on Friday, that the Israeli strike on Iranian oil infrastructure will impact global oil markets by reducing spare capacity and exacerbating geopolitical risks in the region.

In other words, Barclays analysts indicated that a potential Israeli strike on Iranian oil production or export infrastructure poses a dual risk to global oil markets.

As a result, such an event could lower the current surplus in energy reserves, which has been exerting downward pressure on crude oil prices, while simultaneously introducing a geopolitical risk factor; experts emphasized that this dynamic has been a key driver behind the recent rise in the oil market.

Consequently, the bank highlighted that a prolonged disruption of 1 million barrels per day in Iranian oil supplies could push crude oil prices up by at least $15 per barrel from current levels.

However, due to the uncertain geopolitical landscape, Barclays remains cautious about this potential scenario for crude oil movements in global energy markets.