Iran conflict raises talk of a return to $100-a-barrel oil
MarketWatch·2026-02-28 19:39
Core Viewpoint - The U.S. and Israel's attack on Iran poses a significant risk to a major source of global crude oil, potentially leading to a resurgence in oil prices towards $100 per barrel [1] Group 1 - The attack highlights geopolitical tensions in the Middle East, which can directly impact oil supply and pricing [1] - Concerns are raised regarding the stability of oil markets due to the conflict, as Iran is a key player in the region's oil production [1] - The situation may lead to increased volatility in oil prices, affecting both consumers and industries reliant on oil [1]