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Major oil price shock looming as Israel-Iran conflict threatens critical global shipping passage
foxbusiness.com/markets/major-oil-price-shock-looming-israel-iran-conflict-threatens-critical-global-shipping-passage
If the escalating conflict between Israel and Iran significantly cuts supply in the global oil market, prices could surge to as much as $120 a barrel due to a potential threat to a significant shipping lane, according to industry experts.
The price of West Texas Intermediate, a key crude…
This story appeared on foxbusiness.com, 2025-06-18 20:19:38.