During a discussion with Cătălin Deacu on April 19, Eugenia Gusilov analyzed oil price fluctuations between April 1 and 19. The variations reflected geopolitical risk premiums associated with potential Israel-Iran conflict, estimated by traders at 4 to 5 dollars per barrel, assuming the Strait of Hormuz remained open.
Consequently, prices fluctuated between 86 and 91 dollars per barrel. Once markets received assurances that the conflict would not escalate, prices returned to late March levels, resting at 87 dollars per barrel of Brent on April 19.