Reported 2 days ago
Amid escalating tensions in the Middle East after Iran's recent airstrike on Israel, Rystad Energy's Chief Economist, Claudio Galimberti, suggests that oil prices could exceed the $80 mark. He notes that significant spare production capacity in the region and potential war disruptions could further drive prices up, with markets already beginning to react to the possibility of direct conflict between Iran and Israel.
Source: YAHOO