Oil Could Spike to $150 Per Barrel If US-Iran Conflict Escalates to Full Scale, Rystad Energy Says

According to Rystad Energy's geopolitical analyst Jorge Leon, oil prices could spike to $150 per barrel if the United States and Iran enter a full-scale conflict. The analyst noted on June 11 that it remains unclear whether the current escalation signals a complete return to hostilities or constitutes a manageable incident. As a result, oil price volatility may persist at elevated levels until clearer evidence emerges or diplomatic channels are restored.
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