Oil prices have recently exceeded the $90 per barrel mark, intensifying concerns about energy supply amid heightened geopolitical tensions. In the backdrop of continued bombings by the USA and Israel targeting Iran's Islamic regime, Qatar's energy minister, Saad al-Kaabi, raised alarms about the possibility of energy exporters in the Persian Gulf region stopping their exports in the coming weeks. Al-Kaabi mentioned in an interview with the Financial Times that this stoppage could lead to oil prices soaring as high as $150 per barrel.

He cautioned that exporters who have yet to declare a force majeure situation are expected to follow suit shortly, further complicating the energy market dynamics. This statement reflects not only the immediate reactions to military actions but also the potential long-term impacts on the energy supply chain in the region. As tensions rise, especially with Iran, the risks associated with energy trading have intensified markedly, creating a precarious situation for global oil prices.

Moreover, President Donald Trump announced his commitment to continue military actions against Iran, demanding the country's unconditional surrender. This stance suggests that the current volatility in oil prices could persist or even escalate depending on developments in the conflict. The oil market, particularly concerning Brent crude, will closely monitor these geopolitical factors, as any disruption in supply due to military actions in such a critical region would have wide-ranging implications for the global economy.