Citibank Warns Iran-Israel Conflict Could Push Brent Oil Prices 15-20% Higher

Analysts at Citibank warned that escalating Iran-Israel hostilities may drive Brent oil prices 15% to 20% above pre-conflict levels. This rise would occur if the war disrupts around 1.1 million barrels per day of Iranian oil exports, impacting global supply and fueling energy market volatility.