From Holden:
World oil prices could triple if the diplomatic standoff over Iran’s nuclear program escalates into a military conflict, Saudi Arabia’s ambassador to the United States said on Tuesday.
Assuming oil prices were at current levels near $70 a barrel at the time of an attack, “You would see that (oil price) perhaps double or triple as a result of the conflict,” Prince Turki Al-Faisal said at a press conference hosted by the United States Energy Association.
“The idea of somebody firing a missile at an installation somewhere will shoot up the price of oil astronomically,” Al-Faisal said.