The joint operation between America and Israel on Iran is quite different in many ways. If anyone is seeing or thinking of this attack or operation as Venezuela, then it will not be right. There is a reason for this also. Even after the international ban on Iran, it was producing 3 million barrels of oil daily. 80 percent of which was being supplied to China. On the other hand is the location of Iran. The Strait of Hormuz passing near Iran is the route through which more than 20 percent of the world’s oil is shipped. In such a situation, if this route is closed then the oil crisis in the world will increase significantly.
This is the reason that after this action, there may be a huge increase in the prices of crude oil in the coming trading days, just as Israel and America are continuing their operations against Iran. On the other hand, the Iranian army is also counterattacking. Because of that, there has been a lot of uneasiness among stock market investors. Due to which a decline of up to 2 percent can be seen from American markets to Indian markets. At the same time, a huge decline can also be seen in cryptocurrency. A shock of which was seen on Saturday also. On the contrary, an incalculable increase can be seen in gold and silver.
On the other hand, some questions have also arisen. Will the Iranian government be removed? Will there be any damage to Humurz Strait and oil production? These are such questions, which will decide the prices of crude oil, stock market, gold, silver and cryptocurrency to a great extent in the future? Let us also tell you what kind of reaction can be seen in the markets of various asset classes around the world after the attack on Iran.
How much can crude oil prices increase?
Despite the international ban, Iran produces about 3.3 million barrels of oil every day. It is worth noting that more than 80 percent of exports go to China. Another interesting thing is the location, because the Strait of Hormuz, through which 20 percent of the world’s oil flows, is between Iran and Oman. In 2025, about 13 million barrels of crude oil would pass through the strait every day. In such a situation, experts believe that an increase of 5 to 10 percent may be seen in the prices of crude oil. At present, crude oil of Gulf countries is around $72 per barrel. Which can go beyond 80 dollars per barrel. An increase of more than 8 percent has been seen in the prices of crude oil on the decentralized exchange.
Gold and silver prices may rise
On the other hand, due to geopolitical tension, the sentiment among investors has deteriorated significantly. Because of which they can go towards safe haven. Director of Kedia Advisory: We may see an increase of 10 to 15 percent in the prices of gold and silver in the short term. The price of gold in India can go up to Rs 1.85 lakh per ten grams. Whereas the price of silver can cross Rs 3.20 lakh in India and beyond 100 dollars in the international market. According to experts, gold and silver have got a new trigger. The effect of which can be seen for a long time also. An increase of more than 4 percent has been seen in the prices of gold on the decentralized exchange.
How much impact will be seen in the stock market?
On the other hand, a big decline may be seen in the stock market. According to foreign media reports, apart from the American stock market, a decline of 1 to 2 percent has been estimated in the global stock markets. Nasdaq has seen a decline of more than 1 percent on the decentralized exchange. According to experts, a decline of 1 to 2 percent can be seen in the Indian stock market. However, on Friday also a fall of more than 1 percent was seen in the Sensex. It is estimated that the Sensex may go below 80 thousand points on Monday.
Cryptocurrency market also declined
Now let us talk about the cryptocurrency market. Where a lot of decline was seen on Saturday. According to the data of Coin Market Cap, the price of Bitcoin, the world’s largest cryptocurrency, fell significantly and the price reached the level of 63 thousand dollars. Although the price of Bitcoin is trading with a rise of 2.50 percent on Sunday, a decline of 3 to 10 percent may be seen in the coming days. On the ETF front, there are possibilities of growth in Oil ETFs, which can leave the US stock market behind in terms of giving returns.