The Economic Times

Why are global oil prices rising now and will Brent crude go from $72.48 to $80 per barrel in next jump? Global oil price rise, analysts insights and market outlook explained. Here's what should investors do now

Global oil prices are rising as the US and Israel launch a major attack on Iran. Brent crude settled at $72.48 per barrel. Analysts, including Barclays, suggest prices could rise to $80 if supply disruptions occur. Geopolitical tensions and the Strait of Hormuz risk premium are influencing the market.