Sepehr Shahid-Salist, an analyst of international relations and Iran’s affairs, said that an attack on Saudi Arabia’s oil facilities, if confirmed, would delay their rebuilding more than it would reduce the country’s oil production capacity.

Sepehr Shahid-Salist, an analyst of international relations and Iran’s affairs, said that an attack on Saudi Arabia’s oil facilities, if confirmed, would delay the rebuilding process more than it would reduce the country’s oil production capacity. He added that the Islamic Republic’s aim in expanding tensions in the region is to raise oil prices and bring them above $100 to increase pressure on the United States and its allies.

He also said that global markets have largely priced in the conflict between the United States and the Islamic Republic in oil prices, and for this reason, despite widespread tensions, oil prices have fluctuated only within a limited range compared with the start of the war. According to Shahid-Salist, as long as the markets do not expect the war to expand to a fully-fledged, widespread level, the likelihood of a sharp jump in oil prices will remain low.