Commodities analyst Christian Kopfer has warned of a potential energy crisis as oil prices surge following the Iran war. 20 per barrel - the largest weekly increase since statistics began in 1983, according to CNBC reports. Qatar's energy minister recently warned that the Iran war could drive oil prices to $150 per barrel.
Kopfer believes that while current price levels are concerning, the global economy can handle oil prices of $90-100 per barrel. The analyst's warning comes as Swedish consumers face higher gasoline prices due to the oil price surge triggered by the conflict.
will not end well if we get a situation where we need to ration oil
the Iran war could drive oil prices to $150 per barrel
the global economy can handle oil prices of $90-100 per barrel