صراعات المنطقة.. وقود لاشتعال أسعار النفط
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00:00 A question that arises here is why the prices of oil are affected by the conflicts in the
00:06 Middle East, specifically the conflict in Palestine and the Aqsa bombings, the important
00:14 operation that the Palestinian Resistance and the Hamas movement are carrying out against
00:21 Israel.
00:22 If we look at these operations, although Israel and Palestine are not two products of oil,
00:28 the prices are going up during this period and Cambrent is heading to record levels
00:35 that are higher, or in particular, daily earnings are higher in four months compared to Cambrent.
00:42 Also, on the level of the conflicts and the history of the conflicts in the region and
00:45 the impact of oil prices on these conflicts, we go back to 2006, where the war in Lebanon
00:52 and also this war in Lebanon, which, as a result of it and throughout this war that
00:57 lasted for more than 50 days, we saw strong earnings on the prices of oil, which rose
01:03 to the highest levels at all at this time in 2006, during the period between July and
01:11 August in 2006, during the war in Lebanon.
01:15 Not only that, but it also cut the subsidies that we saw in 1973, during the Sixth War
01:23 in 1973, when the countries of OPEC cut oil and oil exports from Europe and also from
01:31 the United States after the American president asked for Israel's support at the time of
01:37 two million or two billion dollars as urgent support during the war.
01:42 At that time, the countries decided to cut subsidies.
01:47 We saw before the decision to cut subsidies for America, the prices were about two dollars
01:53 and ninety cents.
01:54 It rose until the beginning of 1974 to eleven dollars and sixty-five cents, which means
02:04 that it rose by more than 300% and 400% and even close to 400% in 1973.
02:13 But the important question is why are the prices rising?
02:17 Not only to reduce subsidies and not only because the region has many countries that
02:23 produce oil, but the important thing is also to follow the roads and paths that oil takes
02:33 during this period, and it is the Hermos strait, for example, which we see during this
02:40 period, and the Hermos strait, for example, has 18 million barrels of oil daily.
02:47 In general, this region, the Middle East, including the Hermos strait, the Mandab Gate, the Suez
02:53 Canal, and the Somet Canal, all have 60% of the total oil exports in the world.
03:00 Any conflict in these countries or in this region, of course, will cause fear in the
03:07 investors, which leads to prices rising due to the fear of subsidies that the investors
03:14 see or expect, especially when we talk about Iran, the Hermos strait, and the subsidies
03:20 that have recently witnessed a collapse following the secret negotiations that are taking place
03:25 between the United States and Iran regarding the Iranian nuclear agreement.
03:31 So all of these are geopolitical factors that raise prices, but the important thing is the
03:37 smooth transition of oil supplies through the sea routes in the Middle East.