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Iran conflict could raise oil prices

FT forecasts growth up to $100

Conflict in Iran could push oil prices up to $80–100 per barrel, Financial Times reports, citing analysts. The report notes that escalating tensions in the region could increase uncertainty in the global market and trigger heightened speculation.

Context

The oil market typically reacts to geopolitical events in the Persian Gulf, including risks of supply disruptions.

Summary:

The Iranian conflict could push oil prices up to $100 per barrel, according to FT's forecast.