Expert: Oil Could Go to $120 Barrel as Equity Markets Fall

(David McNew/Getty Images)

By    |   Monday, 16 June 2025 10:02 AM EDT ET

Leading experts say oil prices will continue to rise due to instability in the Middle East in the wake of Israel's war on Iran — with a dramatic escalation in prices if the Straits of Hormuz are closed.

Already Israel has targeted key Iranian energy facilities, including the Shahran fuel and gas depot, the Shahr Rey oil refinery, and parts of the South Pars gas field.

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Leading experts say oil prices will continue to rise due to instability in the Middle East in the wake of Israel's war on Iran - with a dramatic escalation in prices if the Straits of Hormuz are closed.
oil, barrel, price, equity markets, iran, israel, middle east, economy
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2025-02-16
Monday, 16 June 2025 10:02 AM
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