Oil could hit US$150 if Iran conflict drags on: Analyst
Israel
Oil prices have surged past US$100 per barrel as tensions involving Iran fuel fears of supply disruptions through the Strait of Hormuz. Speaking to CNA’s Asia First, Macquarie’s global energy strategist Vikas Dwivedi calls the move above US$100 a major psychological and economic milestone. He warns prices are likely to keep climbing, saying US$150 per barrel is “very attainable” if the crisis is not resolved swiftly. Dwivedi notes that refiners are already scrambling to manage inventories and
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