Expert: Oil Could Go to $120 Barrel as Equity Markets Fall
Leading experts say oil prices will continue to rise due to instability in the Middle East in the wake of Israel's war on Iran - with a dramatic escalation in prices if the Straits of Hormuz are closed.
Leading experts say oil prices will continue to rise due to instability in the Middle East in the wake of Israel's war on Iran — with a dramatic escalation in prices if the Straits of Hormuz are closed.
Already Israel has targeted key Iranian energy facilities, including the Shahran fuel and gas depot, the Shahr Rey oil refinery, and parts of the South Pars gas field.