Analysts warn that the oil market is underestimating the risks posed by rising tensions in the Middle East. Israel may launch retaliatory strikes against Iran's oil infrastructure, potentially disrupting up to 4% of global supply and causing oil prices to surge above $200 per barrel. Recent missile strikes between Israel and Iran have already spiked Brent crude prices by over 4%, surging above $75 per barrel. Energy analysts caution that while geopolitical risks since 2019 have not resulted in supply losses, the current situation may lead to more serious disruptions.
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00:00It's Benzinga and here's what's on the block.
00:03Analysts warn that the oil market is underestimating the risks posed by rising tensions in the
00:07Middle East.
00:09Israel may launch retaliatory strikes against Iran's oil infrastructure, potentially disrupting
00:14up to 4% of global supply and causing oil prices to surge above $200 per barrel.
00:20Recent missile strikes between Israel and Iran have already spiked Brent crude prices
00:24by over 4%, surging above $75 per barrel.
00:29Energy analysts caution that while geopolitical risks since 2019 have not resulted in supply
00:33losses, the current situation may lead to more serious disruptions.
00:37For all things money, visit Benzinga.com.