Oil prices could rise to $150 a barrel if war on Iran resumes

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Potential Oil Price Surge":"According to Hojjatoleslam Mousa Ahmadi, the chairman of the Energy Commission at the Iranian parliament, a resumption of war with Iran could lead to oil prices exceeding $150 per barrel. Ahmadi cited declining U.S. strategic petroleum reserves and oil prices exceeding $117 per barrel as factors contributing to this scenario. He emphasized that such a price increase would have far-reaching economic and political consequences, including increased inflationary pressures and greater pressure on the U.S. government to control energy prices.","

Economic Pressure on the US":"Ahmadi noted that a prolonged energy crisis could place significant economic and political pressure on the United States. He argued that Iran intends to maintain long-term pressure on oil markets, drawing on its strategic position in the energy sector and the defensive capabilities of its armed forces. He also warned that continued disruptions to oil supplies could pose further challenges to economic stability in both the United States and Europe.","

European Countries at Risk":"Ahmadi highlighted energy-related challenges facing several European countries, including France, Portugal, Albania, and Italy. He warned that continued disruptions to oil supplies could exacerbate economic instability in these nations. The Iranian official also pointed to the potential impact on the United States, suggesting that a prolonged energy crisis could increase the economic and political costs for Washington."}