$100 Oil Price Forecasts Resurface Amid U.S.-Iran Standoff ...Middle East

Oil price spikes to $90-$100 per barrel are “within reach” as the United States and Iran appear close to war, Fereidun Fesharaki, Chairman Emeritus at energy market consultancy FGE NexantECA, told Bloomberg Television on Monday. “I don’t think the US has a choice but to go to war,” Fesharaki told Bloomberg, adding that he expects something to happen as soon as this coming weekend. The U.S. and Iran are preparing for last-ditch indirect talks on Thursday in Geneva, according to the Omani mediators. So far, no breakthrough…

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