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Oil prices increase the fear of escalation between us and Iran

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Oil prices increased abruptly on Wednesday after the Pentagon authorized the dependents of the members of the service in parts of the Middle East to leave the region amid fears of an escalation between the United States and Iran.

Brent Crude, the international oil marker, increased 5 percent of its level of liquidation on Tuesday to $ 70 per barrel in the afternoon trade in New York. US reference reference. UU. West Texas Intermediate was recovered for an amount similar to its highest level since April.

The increase in crude oil prices occurred hours after Donald Trump said he was now “less safe” of a nuclear agreement with Iran, despite the conversations between the two countries this year.

On Wednesday night, the president of the United States confirmed the withdrawal of the non -essential personnel of the Middle East. “They are moving because it is a dangerous place and we will see what happens,” he told reporters.

“They cannot have a nuclear weapon, very simple,” added the president, referring to Iran.

The United States warned that it would consider military options to prevent Tehran from ensuring a nuclear weapon if diplomacy fails. Israel has also pressed for strikes against Iran, believing that the Islamic Republic is more vulnerable in decades and has the opportunity to attack.

Iran’s Minister of Defense said on Wednesday that his country would point to US military assets in the region in response to any attack “without hesitation”, in comments that shook energy markets.

“The crude has obviously reacted to the news that leaves the Middle East,” said an oil corridor based in London.

A time deadline Trump established for Iran to agree on a new nuclear agreement expires on Thursday. Tehran said that this week there would be a sixth round of conversations on Sunday, although that has not been confirmed by the United States or Oman, which facilitates conversations.

The voluntary departure of US military dependents from the Middle East was authorized by Defense Secretary Pete Hegseth, according to an American defense official.

Brent line graph ($ per barrel) showing raw jumps about the concerns of the Middle East

“The safety of the members of our service and their families remains our highest priority and the central command of the United States (Centcom) is monitoring the developing tension in the Middle East,” said the official. Centcom is responsible for military operations throughout the region.

A state department official said that the United States had chosen “reduce the footprint of our mission in Iraq,” noting that it was “constantly evaluating the appropriate personnel position in all our embassies.”

The Maritime Trade Operations Office of the Royal Navy of Great Britain had said Wednesday on Wednesday that “he has realized the greatest tensions within the region that could lead to an escalation of military activity that has a direct impact on sailors.”

It was not clear what caused the United States to authorize military dependents to voluntarily abandon the region. A United Kingdom government official said he was not following American leadership for his own forces in the region, but maintained his position under review.

Brent Rally on Wednesday was an “exaggerated reaction that shows that the market is a bit short and full of anguish,” said Jorge Montepeque, Managing Director of Onyx Capital, a supplier of liquidity of oil derivatives. A “short” position is a bet that the oil will fall.

The Trump administration is in the midst of indirect conversations with Iran in an attempt to ensure an agreement to stop Tehran’s expansive nuclear program and resolve a long confrontation over low heat with the Islamic Republic.

Iran has negatively reacted to an US proposal for a provisional agreement, since Trump presents him to resign from his national enrichment program.

Tehran, who has said that he would present a counterpart, insists that it is a red line, saying that he had the right to enrich Uranium as a signatory to the non -proliferation treaty.

Trump told the New York Post on Wednesday that he was “less safe now an agreement”, although he reiterated that he would prefer an agreement to military action.

Iran’s Minister of Defense, Aziz Nasirzadeh, told journalists on Wednesday that “if we are imposed a conflict.

However, Western diplomats say that Tehran is anxious to avoid military conflict and wants negotiations to succeed so that the relief of sanctions can ensure to boost the besieged economy.

Helima Croft, a former CIA analyst who is now in RBC Capital Markets, said the departure of the United States of the region was increasing geopolitical tensions.

“While it is not a complete evacuation order, these decisions are generally not taken lightly and generally imply a significant review of intelligence,” Croft said. “This raises the spectrum of a high threat environment in the region.”

Additional Guy Chazan reports in New York, Najmeh Bozorgmehr in Tehran and David Sheppard in London

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