Iran’s attack on Israel: What’s next for oil, will it hit $100?

Citigroup Inc has increased its three-month target for West Texas Intermediate by $8 a barrel. Additionally, Citigroup analysts, including Max Layton, expressed in a note that the current market has not fully accounted for the possibility of an ongoing direct conflict between Iran and Israel. They estimate that such a scenario could drive oil prices up to over $100 per barrel, depending on how events unfold.