Oil prices could rise to $150 per barrel if conflict in the Middle East intensifies, Qatar’s energy minister warned. The surge could severely impact the global economy and energy markets. Rising tensions involving Iran, the United States, and Israel are driving the concern.
Speaking in Doha, the minister said the ongoing conflict could disrupt global energy stability. He warned that escalation between Iran, United States, and Israel may push oil prices sharply higher. Analysts fear prolonged tensions could destabilize international markets.
Read more: Oil prices soar to $150 amid Gulf export shutdown threat
According to the minister, crude prices may climb to $150 per barrel within weeks. The warning highlights the vulnerability of global energy supplies during regional conflicts. Energy markets have already shown signs of volatility due to uncertainty.
He also cautioned that continued fighting could halt energy exports from Gulf countries. Such disruptions would tighten global supply chains and increase pressure on importing nations. Experts say shipping routes and production facilities could face significant risks.
Read more: Oil prices jump as Middle East conflict threatens supply
The Middle East remains one of the world’s most important energy hubs. Any major disruption in the region could quickly affect global oil supply and prices. Governments and markets are closely monitoring developments as tensions continue.