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المشهد العربي
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Bank alerts on oil prices exceeding $128

Bank alerts on oil prices exceeding $128

Banking analyses warn of the potential rise in oil prices above $128 per barrel, amid escalating tensions between the United States and Iran and intensified military conflict in the Middle East, threatening regional energy supplies. A commodities strategy expert predicts that prices could reach or surpass the highest recorded levels after the 2022 crisis, which was at $128, with the possibility of reaching $146 if the conflict expands into a broader regional confrontation. The risks also indicate potential impacts on global oil supplies, with increased attacks on the Russian oil sector in the Black Sea, amidst ongoing geopolitical tensions.

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