Saudi Arabia fears oil could surge past $180 amid Iran conflict

Saudi oil officials are modeling how far crude prices could rise if the Iran conflict continues disrupting supply. Their baseline scenario expects prices above $180 per barrel if disruptions last through late April. Saudi officials view this as a serious risk because high prices could reduce long-term demand or push the global economy into recession, and may make Saudi appear to profit from conflict. An analyst noted that Saudi Arabia generally dislikes rapid oil price increases as they create long-term market instability.

Saudi oil officials are modeling how far crude prices could rise if the Iran conflict continues disrupting supply. Their baseline scenario expects prices above $180 per barrel if disruptions last through late April. Saudi officials view this as a serious risk because high prices could reduce long-term demand or push the global economy into recession, and may make Saudi appear to profit from conflict. An analyst noted that Saudi Arabia generally dislikes rapid oil price increases as they create long-term market instability.

Saudi oil officials are modeling how far crude prices could rise if the Iran conflict continues disrupting supply. Their baseline scenario expects prices above $180 per barrel if disruptions last through late April. Saudi officials view this as a serious risk because high prices could reduce long-term demand or push the global economy into recession, and may make Saudi appear to profit from conflict. An analyst noted that Saudi Arabia generally dislikes rapid oil price increases as they create long-term market instability.

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