Banks and forecasters say price trajectory will depend on how far the military and humanitarian crisis escalates

As attacks between Israel and Iran persist, the global economy could face an adverse shock if tensions aren't contained.

Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.

Banks and forecasters say price trajectory will depend on how far the military and humanitarian crisis escalates

Crude oil prices jump more than 4 percent amid fears the US may join Israel’s offensive against Iran.