Where WTI Could Go When Israel's Retaliation Begins? Oil prices soared in the past few days on fears that escalation in the conflict between Iran and Israel could lead to major supply disruptions. When Israel retaliates by attacking Iran's oil and unmature nuclear facilities, a worst-case scenario where Iran blocks the Strait of Hormuz or has its oil infrastructure wiped out, the market could see oil surge as high as US$200 per barrel, according to some analysts. In that scenario, Canadian oil stocks would likely soar.
Adapted from Andrew Walker at The Motley Fool Canada