Deposing Iran’s Supreme Leader Ayatollah Ali Khamenei and his regime may cause a sustained spike in oil prices

Analysts warned that crude oil prices could hit $100 a barrel mark if the conflict extends. An end to the war can cool off oil prices below $70 a barrel level, they said, as the oil market is well-supplied for now.

Despite heightened tensions between Israel and Iran and resulting market speculation, oil supply from the Middle East remains largely unaffected, with the critical Strait of Hormuz staying open for navigation.