"If Israel attacks Iran, oil prices may well spike to $200 a barrel. The movement of oil in the Strait of Hormuz, through which major shipments from the region pass, will get disturbed, which may lead to higher costs of insurance and shipping," Khalid Al Awadi, a local energy analyst told Gulf News.
Israel's leadership remained silent on a report released late on Tuesday by the International Atomic Energy Agency (IAEA) claiming that Iran might be seeking a nuclear weapon.
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