In recent weeks, oil prices have soared as tensions between Iran and Israel escalate, contributing to increased volatility in global markets. This geopolitical crisis has sent shockwaves through the energy sector, leading to heightened uncertainty about oil supply routes and energy prices. As traders and investors turn their attention to oil trading, the surge in prices presents both opportunities and risks. This article explores various scenarios for oil prices, their economic implications for the Middle East economy, and how the global economy could be impacted by these developments.
