Oil prices likely to fall soon as market fundamentals haven't changed despite Israel's Iran strikes

  • Anas Alhajji of Energy Outlook Advisors says we are unlikely to see prices reach $100 a barrel even if the global oil market loses all supply of Iranian oil, that it is not in Iran's interest to cause any problems in the Strait of Hormuz, and that it is likely that the OPEC+ members will raise their production ceiling by 411,000 barrels a day in their August meeting.