Crude Oil Prices May Reach $150 USD Amid Iran Israel War Tensions rise : Barrel Oil Price

Currently, due to the ongoing geopolitical tensions between Iran and Israel, it is being said that in the future the prices of Crude Oil and Petroleum Gas may increase by almost 50%. Recently, Israel killed the president (Ismail Haniyeh) of Gaza-based Hamas militant groups in an unknown strike in Tehran. After which Iran has now told the UN that in the future, due to its sovereignty and defense, Iran can now carry out major bombings inside Israel. Because it is absolutely possible that Iran will respond to Israeli attacks on Iran in the future in the same way as Ebrahim Raisi did, even if the president of Hamas has not been revenge. Because it is believed that in the future Iran may use its proxies to attack Israel, and may even do so itself, because of which Israel will be able to declare a major war against Iran. Because of this, Iran will completely try to target the US Military Bases present in the Middle East, because of which the war between Iran and the US will reach its peak in the future. So, we can predict that if a war starts between the US, Israel, and Iran, along with inflation in the world, Crude Oil and Petroleum gas prices can also increase by 50% to 70%.

How Iran will Impact Global Economy, rise Crude Oil Prices and Inflation?

If the US has the highest amount of Crude Oil, Iran will not only increase crude oil prices but will also affect US bases and trade routes in Iran’s Red Sea, Persian Gulf, Mediterranean Sea, and South American countries. Due to this, the US economy, inflation, business, and International trade can end along with other countries. Although the US can attack Iran along with its allies present in the Middle East, it is written that the US can fight against Iran at the international level but like in Afghanistan, the US will also suffer huge losses. It is believed that if the US wages a major war against Iran, Russia, China and all the Iranian proxies present in the Middle East can become the biggest threat to the US. But Iranian attacks also make Israel completely like Gaza, Iran is a capable country. But the US also points out that if Iran allows Russian and Chinese forces on the existing Economic Corridor in the entire Middle East, it will be very difficult for the US to remain in the Middle East. Due to this, almost all the maritime controls of the world can be lost from the hands of America. But now, like before, Iran will launch a major attack which will be a special operation in which it has not been told What Iran will target now. Because now Iran will definitely target anyone who attacked Tehran.