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Since the attacks, hardly any ships have passed through the strait in the Persian Gulf, through which more than 20 million barrels are transported every day in peacetime - around a fifth of the global oil trade - for security reasons. (archive picture)
Keystone
Oil prices rose only slightly on Friday. After the significant price increases of the past few days, the situation has calmed down a little for the time being.
In the morning, North Sea Brent crude oil for delivery in May traded at USD 85.88 per barrel (159 liters). This is half a percent higher than the previous day.
The Iran war and concerns about a prolonged closure of the Strait of Hormuz remain key issues on the oil market. The previous day, the price of Brent crude oil had risen to over 86 dollars at times, its highest level since July 2024. Since the US and Israel began their attacks on Iran last weekend, Brent crude oil has risen in price by more than 18%.
Since the attacks, hardly any ships have passed through the strait in the Persian Gulf, through which more than 20 million barrels are transported every day in peacetime - around a fifth of the global oil trade - for security reasons.
According to an analysis by commodities experts at Dekabank, it is currently difficult to predict how long oil prices will remain at the current elevated level. "Everything will depend on the extent to which and for how long raw material production and transportation will be impaired."
According to Dekabank's experts, it is currently most likely that "the military conflict will only last a few days to weeks". They assume that Iran will not succeed in causing lasting damage to the oil infrastructure of the surrounding countries.
06.03.2026, 11:16
