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Middle East tensions may raise oil to $300/barrel

The increase in tension in the Middle East could push the price of oil to $300 per barrel.

Axar.az reports that Iraqi Foreign Minister Fuad Hussein said this during a telephone conversation with German Foreign Minister Wadefulla.

According to him, the continuation of the conflict in the region and the closure of the Strait of Hormuz could cause economic shocks:

“If military operations begin, the price of oil could rise to $200-300 per barrel.”
Date
2025.06.15 / 13:54
Author
Axar.az
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