Attack on Iran raises tensions in energy markets and signals sharp price increases
Analysts expect crude oil prices to rise to $85 per barrel due to the blockade of the Strait of Hormuz, and above $100 if the conflict escalates
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Oil Shipments in Persian Gulf Already Disrupted by Iran Attack
Tankers have begun to steer clear of the region and the Strait of Hormuz, threatening to push up energy prices.
Strong change in world oil prices expected next week
Oil markets, currently closed for the weekend, could face significant price fluctuations next week, as it is still unclear what impact US and Israeli strikes will have…