Oil could possibly be pushed over $100 a barrel by Iran battle, analysts warn, as FTSE 100 falls 1% – enterprise stay | Enterprise

Analyst: Oil costs may hit $100/bbl as strait of Hormuz visitors halts

Analysts are warning that the US-Israel warfare with Iran may drive oil costs as much as $100 a barrel.

Consultancy agency Wooden Mackenzie is warning that larger oil and fuel costs are sure, and that oil costs may probably exceeding $100/barrel if tanker flows by means of the strait of Hormuz will not be rapidly restored.