The fire and smoke rise into the sky after the Israeli attack on Shahran Oil Warehouse 15. June 2025. in Tehran, Iran.
Getti images | Getty Images News | Getti images
The general directors of the two main energy companies follow the development between Iran and Israel – but will not soon give tighter predicting oil prices.
Both countries are trading at the weekendAfter Israel focused nuclear and military facilities in Iran on Friday, killing some of its best nuclear scientists and military commanders.
Speaking at the Energy Asia Conference on Monday in Kuala Lumpur on Monday, Lorenzo Simonelli, President and CEO of Energi Technology Company Baker Hughes, said CNBC “Squavk Hi Asia“If” my experience was not, you never try to predict what the price of oil will be because there is one safe thing: You will not make a mistake. “
Simonelli said that the last 96 hours “was very fluent”, and expressed hope that the deseletition in the region will be in the region.
“While we move forward, we will obviously monitor the situation as if everything else will be. We will make a very quick and predict aspect of what is next,” said the company will take access to the waiting and priethe.
At the same conference, Meg O’Neill, General Manager of Australian oil and gas giant forest, also told CNBC that the company oversees the impact of conflicts in markets around the world.
She pointed out that prices were already experiencing “very significant” effects in the light of events in the last four days.
If suitable materials through the Hormuse nut, “it would have even more significant effects on prices, so that customers around the world would be pushed to meet their own energy needs,” she added.
From the week, the strait remained open, according to Counseling of a joint maritime information center. It is said, “The media narratives remain on a potential blockade [Strait of Hormuz]. JMIC has no confirmed information that shows towards a blockade or closure, but will carefully follow the situation. “
Iran was They allegedly consider Closing the streal of the Hormuses in response to attacks.
O’Neill said oil and gas prices are closely related to geopolitics, inviting examples of events that encourage back to World War II and the oil crisis in the 1970s.
However, she would not set up a firm prediction at the price of oil, saying, “There are many things we can predict. The price of oil in five years is not something I would try to bet.”
Ches Hormuz is a vital waterway between Iran and the United Arab Emirates. About 20% of world oil goes through it.
It is the only sea route from the Persian Bay to Open Ocean, and the American administration for energy information has described as “the most important quantity in oil in oil.”
