Brent Crude Oil Prices Could Surge Amid Iran Conflict, Warns Economist

Brent crude oil prices may rise to approximately $80 per barrel even if the Iran conflict is controlled, according to William Jackson, Chief Emerging Markets Economist at Capital Economics. According to Jin10, this price level was the peak during the 12-day conflict in Iran last June. Jackson cautioned that if the conflict continues to affect supply, oil prices could jump to around $100 per barrel, potentially increasing global inflation rates by 0. 6 to 0 source: https://www.binance.com/en/square/post/296731522754674?utm_source=BinanceNewsRSS