longbrained
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With recent news coming in that Israel is preparing to attack Iran with ballistic missiles instead of original air raids because of Israel's frustration with US not attacking Iran, one thing that is going to affect every one around the world is price of oil. One Iranians are going to pay the price by losing their installations, people's lives and loss of scientists beside losing a large chunk of their pride but it is the price of oil that is going to hit people living outside of Iran. Some analysts predict a rise upto above 1000 dollars and some predict no change or even oil becoming cheaper after an attack.
Today the price of a barrel of Brent crude is $112. What do you think will be the price of oil after an Israeli attack on Iran and why?
Today the price of a barrel of Brent crude is $112. What do you think will be the price of oil after an Israeli attack on Iran and why?