Israeli strikes on Iran’s ‘oil island’ could send crude prices soaring
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
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Source: MarketWatch
Concerns Over Oil Supply: Oil traders are increasingly worried about potential disruptions to crude oil flow in the Middle East following Iran's missile attack on Israel, particularly targeting the Kharg Island export terminal.
Impact of Kharg Island: The Kharg Island terminal is crucial for Iran's crude exports, and any military action against it could severely cripple these exports, according to analysts.
Analyst Views on DJIA
Wall Street analysts forecast DJIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DJIA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.210
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Current: 22.210
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
