Oil markets are expected to experience volatility next week as the ramifications of US and Israeli strikes on Middle Eastern oil supplies become clearer. Brent crude closed at a seven-month high of $72.87 amid rising tensions, with potential disruptions to Iran’s 1.6 million barrels per day exports to China posing risks of further price increases. Analysts suggest that limited military actions could raise prices by $5-$10, while broader conflicts could push prices past $90 per barrel.
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