'Sky is the limit': Analysts raise the alarm about how high oil prices could go
--------------------------------------------------------------------
Source: CNBC
Published: 2026-03-09 21:10 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Military & Defence, Iran, Energy, War & Conflict
--------------------------------------------------------------------
Snippet:
Analysts warned on Monday that there was no precedent for the surging price of oil, as the Middle East crisis deepens fears of prolonged production shut-ins and disruption to shipments through the strategically vital Strait of Hormuz.
--------------------------------------------------------------------