Oil Collapsed: What Will Happen To Prices Next

• 24.06.2025, 14:01

Volatility in global financial markets may increase in the near future.

Risks of uncertainty on world markets remain. Despite the fall in the price of oil, growth may resume.

This was said in comments "RBC-Ukraine" by the head of corporate analysis department of ICU Group Alexander Martynenko.

The price of Brent crude oil fell sharply from 78.5 to 69.4 dollars per barrel after the statement of US President Donald Trump on reaching a truce between Iran and Israel.

"In the near future, volatility in global financial markets may intensify, and oil and natural gas prices may rise even more," Martynenko said in comments to the publication.

The main risk to oil price growth is the blocking of the Strait of Hormuz. Iran has not yet abandoned its plans to block traffic along the region's main oil and LNG transportation route.

"Investors consider the most severe consequence of the conflict to be Iran's possible blocking of the Strait of Hormuz, through which 20-25% of the world's offshore crude oil and up to 30% of liquefied natural gas are transported," Martynenko said.

But there is hope that the Strait of Hormuz will not be blocked, as it is not favorable to Iran itself.

"80-90% of the country's oil exports go through the Strait of Hormuz, and the possibilities of alternative routes are very limited. Therefore, the probability of blocking the strait in the opinion of investors remains relatively low", - said Martynenko.