Baku, Azerbaijan, Oct. 13
By Aygun Badalova - Trend:
While Syrian crisis has had little impact on oil market to date, there are increased risks of future supply disruptions, analysts of the US JP Morgan bank said.
"The escalation of conflict in Syria following the deployment of Russian forces has had little discernable impact to date, but concerns us greatly as regional powers focus on supporting the various factions within the conflict," analysts said in a report, obtained by Trend.
"While current balances are not directly impacted by these increased tensions, risks of future supply disruptions by an unanticipated turn of events have clearly risen," they added.
Analysts said that the reports indicate that Russian, NATO, ISIS, Syrian Government forces, Syrian rebels, Iranian-backed and other militias are involved in the civil war suggest that this conflict has the potential to escalate unintentionally.
Russia launched its military campaign against the Daesh Takfiri terrorists on September 30 at the request of the Syrian President Bashar al-Assad.
Russian warships also began to launch missiles into Syria from the Caspian Sea last Wednesday, firing 26 cruise missiles against 11 militant targets.