Oil prices continued climbing Sunday after Israel and Iran traded blows against their respective energy facilities, threatening to expand the impact of the conflict in

The Israel Defense Forces said the air force had launched strikes against missile sites in central Iran, as the Middle East conflict entered a fourth day.

While Israel has reported some casualties as a result of Iran's strikes, the nation aims to remain open for business. Bank of Israel on Sunday said that the main branches of the nation’s lenders would remain open.

The U.S. economy’s reliance on overseas oil is very much less a factor today than 10 or 15 years ago, says Nomura economist David Seif.

Iran remains in economic crisis due to international sanctions over its nuclear program, which have limited its oil exports. The Iranian rial remains weak and inflation is stubbornly high at around 40%. Any further disruption to oil exports would ripple globally.

Ansid Capital's Anurag Singh predicts stable oil prices between $60 and $90 for the next four years. He believes the US administration will maintain oil flow. Singh also addresses market concerns regarding geopolitical tensions.

Also looming over the meeting are President Trump's inflammatory threats to make Canada the 51st state and take over Greenland.

Nigeria would witness a surge in the price of petrol, diesel, jet fuel, gas and related products in the near term.

The Centre for the Promotion of Private Enterprise, CPPE, has outlined both the risks and possible benefits the escalating conflict between Israel and

Israel’s sudden attack on Iran has threatened to disrupt oil supplies in the Middle East, placing the Opec+ cartel’s recent decision to increase crude production into the spotlight. The Saudi Arabia-led producer group has surprised the oil market this year by fast-tracking the return of idled production even as crude prices fell.