Analysts are concerned that the price of oil could exceed $100 per barrel due to rising tensions in the Strait of Hormuz, particularly after the recent attacks by Israel and the United States on Iranian targets. If these events continue to escalate, it is expected that there will be a significant increase in gasoline and diesel prices at the pump, which could affect consumers globally. On Friday, North Sea crude was trading at approximately $73 per barrel, but the unrest suggests a potential shift in this value when trading resumes Monday.

The Iranian Revolutionary Guard has reportedly issued warnings to ships in the Strait, advising them that passage is prohibited, which has already caused several tankers and other vessels to change course. The European Union's maritime security operation, Aspides, has confirmed that vessels have received communications regarding these restrictions. Any continuation of these threats, coupled with possible attacks on infrastructure in the region, raises significant concerns regarding global oil supply chains and market stability.

According to estimates by Bloomberg Economics, should Iran persist in its threats to close the Strait of Hormuz—even if it lacks the resources to do so effectively—oil prices could surge to over $100 per barrel. This scenario poses a serious risk not only to regional stability but also has far-reaching implications for the global economy, as higher oil prices could result in increased costs for consumers and businesses alike, pushing inflation rates higher in various parts of the world.