Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation
Publishing timestamp: 2024-10-02 02:17:25
Summary
Iran launched a ballistic missile strike at Israel in retaliation for recent killings, leading to concerns about potential disruptions to global oil supply. Analysts warn that Iranian oil infrastructure may become a target for Israel, which could send oil prices soaring to $100 per barrel. The conflict between Iran and Israel is escalating, with potential for further significant events and disruptions in the oil market.
Sentiment: MIXED
Keywords: israel, business news, foreign policy, oil and gas, government and politics, iran,