IRAN TENSIONS PUT GLOBAL OIL SUPPLIES AND PRICES IN FOCUS

Analysts warn renewed attacks could disrupt energy supply and drive prices higher.

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Renewed military tensions involving Iran could place further pressure on global oil markets. Oil prices are especially sensitive to risks affecting production, shipping lanes and major export facilities in the Middle East. Reports have discussed scenarios in which crude prices could approach $120 per barrel if hostilities intensify, but such figures are conditional forecasts rather than guaranteed outcomes. The effects would reach beyond energy traders, potentially influencing gasoline, transportation costs and inflation. The outlook depends on the extent and duration of any disruption and on the response of producers and governments.