Global oil prices are expected to rise when energy markets start trading on Monday morning in Asia.
“The US attacks have pushed the conflict to a new level and many fear it will only make a bad situation worse,” Dr Carole Nakhle, chief executive of Crystol Energy tells the BBC.
“That fear will be reflected in a higher geopolitical premium added to oil prices – no one knows how much that accounts for, but as a rule of thumb the bigger the fear, the bigger the premium,” she adds.
Brent crude ended the trading week on Friday at $77.01 a barrel after gaining almost 20% in the last month.
Despite those gains, oil prices are still currently lower than where they were at the same point last year.
The cost of crude oil affects everything from how much it costs to fill up your car to the price of food at the supermarket.
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