Financial markets are witnessing continuous turmoil against the backdrop of the Iranian attack on Israel, and the possibility of the latter’s response, amid expectations of a rise in oil prices in the trading session tomorrow, Monday.

The evolution of prices depends on the shape of the response taken by Israel and Western powers, as concerns have contributed to pushing oil prices to their highest levels since last October.

The price of benchmark Brent crude closed on Friday at $92.18 a barrel, and West Texas Intermediate crude futures closed at $85.66 a barrel, recording a rise of 64 cents.

Tamas Varga, an analyst at oil brokerage BVM, confirmed the possibility of a rise in oil prices when trading resumes, noting that the hikes will be temporary unless oil supplies from the region are permanently affected.
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