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Story summary
- Oil prices could rise if the Strait of Hormuz remains closed after U.S. and Israeli attacks on Iran, with prices exceeding $150–$200 per barrel.
- Brent crude has approached nearly $120, and further gains are expected as Iranian actions affect regional oil facilities.
- Experts disagree: some warn of impacts, while others expect higher output to mitigate the rise.
- The situation remains fluid, and demand destruction could temper prices if they rise.
