The Straits Times·3 min read·medium
Why fuel prices could skyrocket now in Asia and beyond
✦AI Summary
Renewed hostilities between the US and Iran in the Strait of Hormuz are raising concerns about potential spikes in global oil prices. Analysts warn that if the conflict escalates and supply chains are disrupted, oil could exceed US$100 per barrel.
If the worst happens, oil can go up to more than US$100 (S$129) a barrel, analysts say.
businessworldeconomy
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