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Tags: israel | hamas | war | oil price | volatility | gas prices | biden administration

Israel War Could Drive Oil to $200 a Barrel, Experts Warn

Gaza City (Getty Images)

By    |   Friday, 13 October 2023 07:37 AM EDT

Oil prices could surge to $150 or $200 per barrel as the war between Israel and Hamas continues to escalate, with Iran being the wild card.

Israel is not a major oil producer, but Iran is, as are other major players in the region, notably Saudi Arabia.

Marisa Herman ✉

Marisa Herman, a Newsmax senior reporter, focuses on major and investigative stories. A University of Florida graduate, she has more than a decade of experience as a reporter for newspapers, magazines, and websites.

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Oil prices are expected to surge if the war between Israel and Hamas continues to escalate, and energy costs could skyrocket if Iran officially enters the fray, experts warn.
israel, hamas, war, oil price, volatility, gas prices, biden administration, middle east
1107
2023-37-13
Friday, 13 October 2023 07:37 AM
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