| Oil Prices Could Spike Over $150/Barrel, Experts Warn
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, a new report on Newsmax Platinum reveals.
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.
But the Strait of Hormuz remains a potential target.
One expert says a prolonged crisis will severely impact the oil derivatives market and directly lower equity prices.
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