Publication date: April 15, 2024
Projected Surge in Oil Prices Amidst Middle East Instability

Projected Surge in Oil Prices Amidst Middle East Instability

Market analysts predict a significant rise in oil prices due to ongoing unrest in the Middle East.

Oil Market

Following Iran's aggressive actions against Israel, market experts like Ed Yardeni anticipate that Brent crude oil prices might approach the $100 mark per barrel. This prediction is based on the ongoing geopolitical strife that could severely pinch global oil supplies, compelling prices to climb sharply in response to the reduced availability.