Keep an eye on the petrol and diesel price: Now the price is breaking up

The price of crude oil takes a dramatic jump upwards after Israel began an extensive military operation against Iranian nuclear plants on the night of Friday.

The attack – christened “Rising Lion” – has hit a number of key goals in Iran’s nuclear program and created immediate turmoil in the world’s financial markets.

Early Friday morning, the price of North Sea oil rose by as much as 12.2 percent, which sends the price up to $ 77.77 per year. Barrel. American crude oil follows suit and is traded at $ 76.61 – an increase of 12.6 percent.

Israeli Prime Minister Benjamin Netanyahu has confirmed the action and stated that the goals were selected as central nodes in Iran’s uranium enrichment and nuclear weapons program. He describes the operation as a necessary step to ensure the security of Israel.

The powerful reactions to the oil exchanges are now also spreading to the Asian stock markets. In Tokyo, the Nikkei index has dropped by 1.3 percent, while hung bed in Hong Kong has dived by 0.8 percent. The same fall is seen on the Shanghai Stock Exchange, which has also lost 0.8 percent in value.

The sudden turmoil in the energy markets raises concerns about whether the conflict will propagate to a wider destabilization of the region – and thus push oil prices further up in the coming time.

Especially since Iran is a key player in the Middle East energy infrastructure and has an impact on large parts of the world’s oil exports.

The financial markets will probably be extra sensitive in the coming days, while the world community is trying to decode whether the attack is an isolated course of events – or the beginning of a new escalation between two of the Middle East’s most powerful actors.