Oil prices could spike to $100 if Iran directly attacks Israel, analyst says

The price of global benchmark Brent crude oil could spike to $100 a barrel if Iran directly attacks Israel, a former senior White House energy official said. Bob McNally, founder and president of Rapidan Energy, said global crude markets still have not factored in $10 of geopolitical risk to oil prices even as tensions are running red hot in the Middle East.

member Iran and Israel appeared Wednesday to be teetering on the brink of a cycle of direct confrontation. Supreme Leader Ayatollah Ali Khamenei said Israel "will be punished" for the attack on Iran's consulate in Damascus. "Consulates and embassies of any country are regarded as the soil of that country.

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Crude oil futures rise as Israel threatens to attack IranCrude oil futures rose Wednesday after two days of losses as Israel threatened to attack Iran if the Islamic Republic strikes Israel directly. Oil prices pulled back after the consumer price index rose 0.4% for March and 3.5% over the previous year, compared with expected gains of 0.3% and 3.4%, respectively. Israel warned OPEC member Iran Wednesday it would attack the Islamic Republic if Tehran strikes Israel."If Iran attacks from its territory, Israel will react and attack Iran," Israeli Foreign Minister Israel Katz said on theEnergy, the new momentum trade? Why the sector’s strong gains can increase from hereMorgan Stanley says the catch-up trade in energy can continue and names its top picks to play JPMorgan says oil could rise to nearly $100 a barrel on Russia’s ‘surprising’ actions ahead of U.S. election Khamenei has threatened to punish Israel after Iran's consulate in Damascus, Syria, was destroyed in a missile attack last week, killing seven Iranian military officials
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