Pierre Andurand says oil prices could rise by $15 if Israel retaliates against Iran

◻️As tensions in the Middle East rise, hedge fund manager Pierre Andurand said oil prices could rise by $15 per barrel if Israel retaliates against Iran.

◼️While it is stated that Israel could target military bases in Iran, global markets are closely following these developments. Andurand emphasized that a possible attack would knock out 1.7 million barrels of oil per day and tighten global supply.

◻️He stated that low stocks pose a risk in the short term, but the market is on a downward trend in the medium term.