A sudden escalation between Washington and Tehran has placed global energy markets on edge, with analysts warning that oil prices could surge by as much as $10 to $20 (£7.40 to £14.80) per barrel if tensions spiral further. The warning follows sweeping US strikes on Iran early Saturday, carried out alongside Israel, in what President Donald Trump described as a decisive effort to dismantle Iran's nuclear programme and weaken its ruling regime.
Within hours, Iran retaliated, raising fears of a broader regional conflict that could disrupt critical oil supply routes. Energy analysts say the absence of swift de-escalation could send oil prices sharply higher when markets reopen on Monday, with the scale and speed of the confrontation leaving traders bracing for significant volatility.
