Finance · South Africa
Middle East Tensions Could Push Oil Prices Above $100, Impacting Economy
Moneyweb · 2026/02/15
Summary
Recent tensions in the Middle East have sparked fears about rising oil prices. While many conflicts do not significantly affect oil markets, certain serious situations can push the price of crude oil above $100 per barrel. This increase can impact global economies by raising costs for fuel, transportation, and goods. However, not all conflicts lead to price spikes because of factors like oil supply levels and market stability. Analysts are watching carefully to see if these tensions develop into scenarios that could disrupt the oil supply and cause prices to jump sharply, potentially slowing down economic growth worldwide.
OnABudget takeaway: For everyday South Africans, higher oil prices often mean more expensive fuel and higher costs for goods and transport. Small businesses should prepare for potential increases in expenses if oil prices climb above $100.