8 hours agoFor now, the 1.32-euro oil liter risks becoming 2 euros
Periskopi(a year ago)
(a year ago)Yesterday, Iran's parliament has made a decision to close the Strait of Hormuz, in which 20% of world oil exceeds. Their decision came after the American bombing of three nuclear plants in Iran. Hormuz Strait is a narrow passage between Iran and Oman and is a critical artery to the economy [...]
Their decision came after the American bombing of three nuclear plants in Iran.
Hormuz Strait is a narrow passage between Iran and Oman and is a critical artery to the global economy. This Strait connects the Persian Gulf to the Arabian Sea and the Indian Ocean, allowing oil transport from ports to Saudi Arabia, the United Arab Emirates, Kuwait and Iraq to world markets.
The blockade of the Hormuz Strait would mean cutting off oil supplies mainly in Asia, Europe and North America, which would cause an immediate increase in oil prices (according to some estimates of over $100 a barrel, and some even 200).
But will that affect the increase in oil prices or the lack of oil quantity in Kosovo.
Kosovo Oil Association Chairman Fadil Berjan in an answer to news.net has said that Kosovo citizens are currently serving with the cheaper oil prices in the region.
He has said these awards are rising because of the war between Israel and Iran, the news writes.net.
This is causing fear to cut supply by affecting price hikes. Iran produces much of the world's oil and controls the Strait of Hormuz, a point exceeding approximately 20% of world oil. Any transition of this situation will affect oil growth, while any US-brokered peace deal can calm the oil market. Kosovo's oil price is certainly influenced also by these geopolitical developments because Kosovo imports most of the oil”, Berjan has said of news.net.
It has also shown current oil prices in Kosovo and the countries of the region.
Current prices in Kosovo:
Diesel: $1.22,1.32
Benzine: $1.21,31
Current prices in Albania:
Diet 1.91 cents.
Bentine 1.94 cents
Current prices in Serbia:
Diet 1.81 cents.
Bentine 1.84cent
Current prices in Montenegro:
Diet 1.51cent
Bentine 1.54 cents
Current prices in Bosnia:
Diamond 1.48 cents
Bentine 1.49 cents
Current prices in Macedonia:
Diet 1.18 cents
Bentine 1,22cent
Berjan has also said that Kosovo for the price of oil ranks second lowest after northern Macedonia, since they have a lower excise than Kosovo.
He has also been alarmed that after the US's attack on Iran, it is likely that the price of derivatives will increase dramatically and will likely have a global crisis.
The extreme price increase in oil will increase economic problems in the country, as besides that everything else has suffered price hikes, starting with the current of food products.
Citizens have consistently expressed concern if there may be an increase in the price of oil.
The <x0m>rextrem” derivative prices are expected to be placed in Kosovo, oil liter 1.32 euros- currently risks becoming 2 euros
