Global rise in oil prices expected if Israel targets Iranian fields

Oct. 5 (UPI) -- About a 20% rise in the global price of a barrel of oil is predicted if Israel launches missile attacks against Iranian oil fields.

President Joe Biden on Thursday said the United States is discussing a potential Israeli strike against Iran's oil reserves, which might trigger a return to $100-a-barrel oil prices and correspondingly higher gasoline prices in the United States and elsewhere.

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