Expert: Oil prices may surge upward in a gusher fashion

During an interview with the China News Agency, Bai Ming, a researcher at the Institute of the Ministry of Commerce, stated that the location of the US attack on Iran is in the Persian Gulf region. Not only does the Persian Gulf region have Iran, a globally important oil-producing country, but also neighboring countries such as Qatar, the United Arab Emirates, and Bahrain are also important oil-producing countries globally. The conflict will have a significant impact on international oil prices. If the conflict can be resolved quickly, oil prices are likely to rise and then fall back down; but if the conflict persists and spreads throughout the entire Persian Gulf region, oil prices will remain at high levels. International speculative capital will not give up on such a topic for speculation, and large international oil companies are likely to take advantage of this opportunity to raise prices. In this situation, international oil prices may still experience a significant surge in the future, or a trend of rising followed by falling. This will have a significant impact on the international supply chain in the upstream sector.