StanChart Hikes Oil Price Forecast To $74 Per Barrel Amid Iran Conflict ...Middle East

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StanChart Hikes Oil Price Forecast To $74 Per Barrel Amid Iran Conflict
source : OILPRICE ( Middle East ) () 111
Iran has launched a massive retaliatory campaign following joint U.S. and Israeli airstrikes, sending an unprecedented barrage of more than 500 ballistic missiles and 2,000 drones across targets in Israel and several Gulf states. A drone strike on a command center killed six U.S. service members in Kuwait while several missiles were intercepted near Al Udeid Air Base, the largest U.S. base in the region. Commodity analysts at Standard Chartered have hiked their oil price forecasts, noting that unlike last year’s largely symbolic response,…

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