Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down production, according to JPMorgan.

Energy Minister Saad al-Kaabi says energy prices for everyone will rise if the Iran war continues.

RIYADH: Gulf oil producers could halt exports within weeks due to the ongoing Middle East war, sending crude prices to $150 a barrel, according to Qatar’s energy minister. In an…