Iran has been a threat for decades and "some problems are always expected for the Strait of Hormuz" Repercussions are also expected on the price of gas and therefore on energy bills. If Iran did something militarily important and not this charade, price of oil would go beyond 250 dollars and petrol towards 3 euros, warns Davide Tabarelli.
The context could also influence monetary policy. In fact, the ECB and the Fed, "who can't wait to find excuses to delay lowering rates, can find in this situation an excellent reason not to cut, saying that inflation will increase", says Tabarelli. The price of petrol "tomorrow we will see a slight increase at the pump, towards 1.93 euros, after having been around 1.90 in recent days", estimates Tabarella. The forecast is now for a slight Increase, given that the EU imports a lot of liquefied natural gas from the Middle East and this will create some repercussions on electricity and gas bills.