Oil prices could spike 10% after the U.S. attack on Iran — 'But don’t be fooled, this may not last'

(Credit: Andrew Harnik—Getty Images)

• The U.S. bombing of Iran’s top nuclear facilities will jolt energy markets as investors brace for the fallout across the region as well as expected retaliation from Tehran. Analytics firm Kpler predicted crude prices should soar as much as 10%, but the spike may not last. That’s because OPEC+ is expected to boost oil output.

Energy markets are in focus after the U.S. bombed key nuclear sites in Iran, which is a top oil-producing country and in a position to threaten a critical transit point for global exports.