Tags: oil | barrel | price | equity markets | iran | israel | middle east

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

(David McNew/Getty Images)

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

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.

© 2026 Newsmax. All rights reserved.


platinum
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
744
2025-02-16
Monday, 16 June 2025 10:02 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved