Institution: If Full-Scale US-Iran Conflict Reignites, Oil Prices Could Surge to $150

Odaily Odaily reports that Jorge León, Head of Geopolitical Analysis at Rystad Energy, stated that if the US and Iran fully return to a state of hostility, oil prices could surge to $150 per barrel. At this stage, it is too early to determine whether the current escalation marks a full resumption of hostilities or a dangerous yet still manageable event. Therefore, until clearer evidence emerges—whether a ceasefire can hold or diplomatic channels regain momentum—oil price volatility is likely to remain elevated. (Jin Shi)