Oil prices to leap toward $100 per barrel as Israel attacks Iran — Analysts

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As Israel launched an attack on Iran, today, analysts have expressed concerns that the conflict could disrupt the oil supply, thus pushing prices toward $100 per barrel in the international market.

Iran is a major oil and gas-producing and exporting nation. It is also a frontline member of the Organisation of Petroleum Exporting Countries, OPEC, with more than 208 million barrels of proven oil reserves.

The nation is also blessed with other natural resources. They include natural gas, coal, chromium, copper, iron ore, lead, manganese, zinc and sulfur. The production and export of these could be affected by the Israel attack.

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