Will Oil Cross $120? The Economic Fallout of US Strikes in Iran | Vantage on Firstpost

Will Oil Cross $120? The Economic Fallout of US Strikes in Iran | Vantage on Firstpost | N18G

The US airstrikes on Iran’s nuclear facilities can shake global economic confidence. Oil prices could rise amid fears of disrupted supply, with analysts warning of potential spikes to $120 per barrel if the conflict escalates. Major global financial institutions may be forced to revise growth forecasts downward. Stock markets are reacting unevenly—Tel Aviv surged, while risk-averse investors shift funds to safer assets and European markets. Meanwhile, over 900 vessels have experienced GPS disruptions in West Asia. India, deeply connected to the region through trade, is already reporting declining exports. The world now faces growing economic uncertainty as tensions rise.

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