# Vandana Hari

Markets Brace as Gulf Tensions Threaten to Push Oil Back Above $100 — Worst-Case Risks Rival 1970s Crisis

Following US and Israeli strikes on Iran, analysts warn the global oil market faces a potential supply shock that could send prices above $100 if Gulf exports are disrupted. The Strait of Hormuz — carrying about 31% of seaborne oil — is again the critical chokepoint, and experts say a sustained closure or attacks on regional infrastructure could produce a crisis rivaling the 1970s embargo.