Consumer price growth of 1.6% in September, oil drives down [Anchor Report]

International oil prices jumped sharply after Iran launched a massive ballistic missile attack on Israel.

Oil prices, which rose more than 5% immediately after the airstrike, are trading around 2% higher than the previous day as of 4 p.m.

Iran is the world's fourth-largest oil reserves and the third-largest oil producer in OPEC.

It accounts for 9.1% of the world's crude oil reserves.

Iran currently produces more than 3 million barrels of crude oil a day.

However, it is down 33% from 2018 due to the influence of Western economic sanctions.

Iranian oil accounts for 3% of the world's daily oil production this year, as predicted by the International Energy Agency.

International crude oil industry officials have predicted that more than 1 million barrels of oil production could be hit a day if Israel attacks Iranian oil facilities.

It also analyzed that if the conflict in the Middle East escalates, international oil prices will continue to fluctuate as Iranian proxy forces Houthis and Iraqi militias can attack Saudi Arabia's oil production facilities.

On a day when international oil prices soared, news broke that consumer price growth slowed to around 1% in September.

Domestic oil prices fell for the first time in seven months, lowering overall prices.

As there is a two to three-week time difference for international oil prices to be reflected in Korea, attention is being paid to the impact on prices in the future.