The Economic Times

Oil price to touch $100 as Iran nuclear talks collapse? Oil prices hit $71 today as U.S.Iran war risk pushes crude toward triple digits

Oil price to touch $100 as Iran nuclear talks collapse? Brent crude hit $71.41 on February 19 as U.S.-Iran war fears explode. Trump deployed two carrier strike groups and 50 fighter jets to the Middle East in 48 hours. Iran nuclear talks collapsed in Geneva. A military strike could come within days. The Strait of Hormuz carrying 31% of global seaborne oil is now at direct risk. Analysts warn oil hits $100 if shooting starts. The 10-day countdown has begun.