US attack on Iran, oil prices expected to rise

2025-06-22 11:25:04Biznes SHKRUAR NGA REDAKSIA VOX

Global oil prices are expected to rise!

"The US attacks have taken the conflict to a new level and many people fear that this will only make the situation worse," Dr. Carole Nakhle, chief executive of Crystol Energy, told the BBC.

"This fear will also be reflected in the price of oil, the greater the fear, the greater the impact," she added.

Brent crude oil ended the trading week on Friday at $77.01 a barrel, after rising nearly 20% in the last month.

Despite these increases, oil prices are still lower than at the same time last year.

The cost of crude oil affects everything from fueling your vehicle to food prices in supermarkets.

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