$166 a barrel? Middle East oil gives clue to where all prices could be headed if Iran war drags on
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Source: CNBC
Published: 2026-03-20 07:09 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Europe, Military & Defence, Iran, Energy, War & Conflict
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Snippet:
The extreme spike in oil prices seen in local markets in the Middle East could give investors a glimpse into to where U.S. and Europe prices are headed if the Strait of Hormuz isn't opened soon.
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