If Iran's threats materialize, oil prices could rise to $120 per barrel or even higher

Odaily News According to Rystad Energy, threatening attacks on key energy facilities in Saudi Arabia, the UAE, and Qatar could immediately push oil prices above $120 per barrel. The five facilities warned by Iran collectively account for approximately 20% of global liquefied natural gas trade, 10% of naphtha imports in the Asia-Pacific region, and 6% of global polyethylene production capacity—all concentrated in a region with a short-term lack of alternatives. Rystad Energy analysts stated: "If the statement from Iran's Tasnim News Agency is realized, and all these facilities in Saudi Arabia, the UAE, and Qatar are attacked, the global market would instantly lose at least 700,000 barrels per day of refined product capacity. This would simultaneously impact the supply of diesel, aviation fuel, and naphtha in these three countries." If critical infrastructure like Saudi Arabia's Yanbu port is attacked, oil prices could even surge to $150 per barrel or higher. (Jin10)