Institutional analysis: With the possibility of the US and Iran going to war, oil prices may surge to $90-100.

Energy market consulting firm FGE NexantECA said that with the looming war between the United States and Iran, oil prices are likely to rise significantly. "I believe the US has no choice but to go to war," said FGE NexantECA's honorary chairman, Farid Fesharaki. "I find it hard to imagine them avoiding this war and turning back," Fesharaki said, who has been closely monitoring this market for decades. Fesharaki said, "If the Iranians accept the US claim, then the Iranian regime loses legitimacy; they must say 'no'." He also said, "This time it will be different, because the Iranians can do two things." He listed possible attacks on neighboring countries such as Saudi Arabia, the UAE, and Kuwait, as well as the possibility of blocking the Strait of Hormuz. Fesharaki listed several scenarios that could disrupt crude oil transport in the region, and said oil prices could rise to $90 to $100 per barrel, depending on the severity of the situation.