Will Iran conflict send oil prices above $100 a barrel?

Oil markets are bracing for sharp price spikes after the US attack on Iran and Tehran's retaliation. Iran's role as a major producer matters, but its strategic position is keeping traders on edge.

Oil jumps 10pc on Iran conflict and could spike to $100 a barrel, analysts say

Brent crude jumped 10 per cent to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war. The global oil benchmark has rallied this year and reached $73 a barrel on Friday for its highest since July, buoyed by growing concern over the potential attacks that arrived a day later. Futures trading is closed over the weekend. “While the military att...

By none@none.com (Reuters)

Brent surges after Iran strikes, with analysts eyeing $100 oil

Oil surges 10% on Iran conflict, could jump to $100 a barrel: Analysts

Global oil prices jumped sharply after U.S. and Israeli strikes on Iran, with Brent crude rising about 10% on Sunday as analysts warned prices could spike as high as $100 a barrel...