War between Iran & Saudi Arabia could send oil to $300 per barrel
An armed conflict between Riyadh and Tehran would have a major impact on oil markets and the global economy. RT asked experts what a war between the two Middle East superpowers would mean for crude prices.
If a conflict happens, oil prices could increase 500 percent.
"Energy prices will seriously depend on the severity of the conflict. Let's remember the unrecognized Iraqi Kurdistan, which in a state of continuous war exported about 550,000 barrels per day through Turkey.
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