Oil Prices Skyrocket Amid Iran Conflict

Saudi Arabian oil officials project that oil prices might exceed $180 per barrel if the ongoing Iran war continues until late April, according to a Wall Street Journal report. This potential escalation raises concerns in the global oil market, though Reuters could not confirm these claims immediately.

Saudi Arabian oil officials have indicated a potential unprecedented rise in oil prices if tension in Iran continues to escalate.

The Wall Street Journal reports that prices could surpass $180 per barrel, a scenario that sends ripples of concern through global markets.

While Reuters has yet to verify these claims independently, the projection underscores the gravity of geopolitical tensions in the oil sector.

(With inputs from agencies.)