Crude prices gained again as Israel and Iran continued air attacks against each other, sustaining market uncertainty in Asia.

Usually, as per economists, an increase of $10 per barrel on crude oil prices leads to about 0.4%-0.6% increase in inflation. Barclays in a report said that the sharp ~USD10/barrel increase in crude oil prices since the escalation in Iran-Israel conflict over the past week,

This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?

Geopolitical tensions in the Middle East could drive oil prices as high as $120 per barrel according to JP Morgan, benefiting Exxon Mobil's earnings outlook. Applying the Graham Number, Exxon Mobil's intrinsic value ranges from $103 to $134 per share, depending on EPS scenarios.

Oil prices jumped on Wednesday as a U.S.-China trade deal and soft inflation report boosted demand expectations and geopolitical concerns sparked fear of supply disruptions.

DRIVERS must be spared a fuel duty hike as tensions in the Middle East push up global oil prices, MPs have warned.  New figures show petrol prices rose to 132.1p a litre yesterday,