Market Reactions and Predictions
Following the attack on 's nuclear sites, oil prices are anticipated to rise, with predictions of reaching up to $100 a barrel if Iran retaliates by targeting U.S. interests or disrupting Strait of Hormuz shipping.
Analysts forecasted an immediate jump in oil prices by $3 to $5 per barrel when markets reopen, with potential further increases depending on Iran's response.
Geopolitical Implications and Responses
Iran's parliament voted to authorize the closure of the in retaliation, a move that could significantly disrupt global oil supplies and escalate prices.
Despite the potential for price spikes, some analysts believe the long-term disruption of oil supplies is unlikely, citing the reliance of Iran's oil exports to and the potential swift diplomatic responses.