The escalating crisis between Israel and Iran has already triggered the largest single-day oil price surge in the last three years, and the question for many is how much higher the oil markets might climb.
The price of Brent crude has jumped by about $10 a barrel since the start of June to a high of $78 a barrel on Friday, amid growing concerns that the conflict could wipe out Iran’s oil exports or cut flows of crude from the wider Middle East region to the global market.
