Oil prices retreat from 5-month high after the US struck Iranian nuclear sites

• Oil prices rose before decline on Monday after the United States struck Iran’s nuclear facilities.

• Tensions rose when Iran threatened to prevent hormonal strait, a major oil traffic.

• Goldman Sachs warned of potential oil prices if the Iranian supply decreases significantly.

Oil prices jumped to the highest level in Asia for five months on Monday on the first day of trading after the United States struck Iranian nuclear facilities on Sunday.

They had gave up the gains later on the trading day-a sign that investors have not yet been widely interrupted by global oil supplies, and Daniela Sabine Hatorne, the higher market analyst in Capital. COM, wrote in a note.

WestMark West Texas increased by 6.2 %, but it was 0.4 % less at $ 73.55 a barrel at 5 am East time.

Brent oil futures have gained up to 5.7 % before the reversal of 0.3 % trading at $ 76.78.

Revived futures contracts previous losses:

• Download Futures: An increase of 0.1 % in 42,573.

• Nasdak Futures: An increase of 0.3 % in 21,913

The markets were ready about disrupting oil supplies since Israel struck Iran on June 12, as Tehran has often threatened to block the hormone strait, a main corridor of oils and gas for a third of global oil born in the sea and behind the world’s natural gas -gas trade trade.

The Persian Gulf Strait links the Indian Ocean with Iran to the north, the United Arab Emirates and Oman to the south. Iran is also a large oil product.

Futures of crude oil has gained about 10 % since the conflict began, with a $ 12 geopolitical risk allowance on prices now, according to Goldman Sachs analysts in the Sunday note.

Goldman Sachs declared that Brent oil prices may rise to a peak of about $ 90 a barrel if Iranian crude supplies decrease by 1.75 million barrels per day.

They wrote: “If the oil flows across the Strait of Hermoz will decrease by 50 % for one month, then it will remain low by 10 % for another 11 months, then we appreciate that Brent will jump shortly to a peak of about $ 110.”

Goldman analysts wrote that they still do not assume any major disturbances in oil and gas supplies. They reported the risks of oil and gas prices.

They wrote: “While the events in the Middle East remain liquid, we believe that economic incentives, including the United States and China, to try to prevent a very sustainable and large disruption of the hormonal strait will be strong.”

On Sunday, the Iranian parliament voted to close the Strait of Hormuz in response to the work of the United States, although the final decision is still in senior security officials in the country, according to state -owned press television in Iran.