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Oil Prices Could See ‘Super Spike Well above $100’ If Conflict Escalates after Iran’s Attack on Israel Oil prices could soar to $100 per barrel and beyond, said market watchers, after Iran mounted an aerial attack against Israel reigniting fears of a regional war. Iran is home to vast oil resources, and any disruption to its capacity to supply global markets could push prices higher. While Biden reiterated U.S. commitment to Israel’s security, he told Netanyahu that Washington would not participate in offensive operations against Iran, a senior administration official said. Source: CNBC Bitcoin and Other Cryptocurrencies Tumble amid Middle East Tensions Bitcoin was down some 8% late on Saturday evening as U.S. officials confirmed the attack was imminent. Digital coins were some of the only risk assets trading over the weekend and the fall was seen as an initial reaction to the escalation of Middle East tensions. By Sunday morning it had rebounded to trade above
