Reported about 11 hours ago
Citi analysts warn that if escalating Iran-Israel hostilities disrupt 1.1 million barrels per day of Iranian oil exports, Brent crude prices could rise to between $75 and $78 per barrel, significantly above pre-conflict levels. Meanwhile, geopolitical tensions are heightening oil prices, with projections that prices could soar even higher in dire scenarios, such as the closure of the Strait of Hormuz. As prices increase, other global oil production may mitigate the overall impact.
Source: YAHOO