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Oil Price To Hit $175-$200 If Israel Attacks Iran: Analysts

Oil Prices Israel Iran

First Posted: 11/09/11 12:59 PM ET Updated: 01/09/12 05:12 AM ET

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Financial Post:

Oil prices could surge to $175-200 per barrel if Israel attacks Iran’s nuclear facilities, leading to the closure of an important oil route, according to market observers. Tensions between the two arch foes have escalated after the International Atomic Energy Agency reported it had ‘credible’ evidence of Tehran’s nuclear weapons plan.

Read the whole story: Financial Post

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