Fereidoon Barkashli, an international oil and energy analyst, presented his assessment of developments in the energy sector and stated: The wars in the Middle East in the past decades and years have always been accompanied by a surge in global oil prices, and the market reaction, especially in the Persian Gulf region, has been severe, so that from the movement to nationalize the Iranian oil industry in the early 1950s to the crises of the 1970s and in recent years, the Ukrainian war, the Gaza war and the Israeli attack on Iranian soil last summer, all caused a rapid increase in global oil prices. Each of these crises, depending on its severity, scope and duration, has severely affected the markets.

He pointed out that the attack on Iran by the United States and Israel on February 28, 2026 sent a new wave to the market, and added: Despite the increase in prices, the market reaction was weaker than expected; as if the severity of the explosion had not been understood. On March 3, the price of Brent rose to $81.45 per barrel and, after low-level fluctuations, reached $120 in the first week of March; then it fluctuated between $100 and $110 and sometimes even fell below $100.

An international oil and energy analyst said: Oil is produced in the Middle East, but its price is determined on the US and European stock exchanges. The global oil market gets its narratives from the International Energy Agency in Paris; an institution that is the club of major oil and gas consumers in the world, so the narratives of major consumers play a decisive role in calming or inflaming the market.