United States entry into the conflict between Israel and Iran is an extra ingredient to press the price of oil, which was already rising after beating $ 60 the barrel this year.
Caio Megale, chief economist at XP, participated in the program Morning Call from XPand said the oil barrel walked more recently at $ 65, then it was $ 75 and now makes a jump.
“The great risk of an economic point of view is inflationary. It is a very important region as an oil producer. Oil weighs in inflation in several countries of the world,” he said.
Read more: World Scholarships fall and oil rises with the market waiting for Iran’s response to the USA
Iran reaction
He recalled that in Brazil Petrobras (Petr4) Lowered the price of diesel recently and even made the perspective of inflation fall. Already in the United States, the possible increase in oil presses the Federal Reserve (Fed, the Central Bank), which is experiencing an important time whether or not the US interest is cut.
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“We do not yet know the extent of the problems, does not know Iran’s reaction to the attack (from the United States to the country this weekend),” he said. For the economist, it is difficult to measure Iran’s reaction now.
“President Trump has suggested a regime change, although analysts assess to be very difficult and, perhaps, this is the risk of now on,” he said.
“In times of more prolonged regime change to an important oil producer, they are the periods when oil rises more and spends longer in higher levels,” he said.
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“It has to be monitored very closely. The war has gained a new dimension,” he added. Still according to Megale, moments of uncertainty like this, the most natural is that the central banks do not take any position. “They will expect to accommodate prices to make a decision ahead,” he said.
