Israel-Iran Conflict Sparks Oil Price Surge As Strait Of Hormuz Faces Closure Risk
- Posted on June 14, 2025
- By International Business Times
- 1 Views
Israel-Iran Conflict Sparks Oil Price Surge As Strait Of Hormuz Faces Closure Risk
Analysts warn that targeting Iran's oil production and export facilities could drive prices to $80-$100 per barrel, leading to historic pump price increases in import-dependent nations like Turkey and Spain.
