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Oil prices could spike as U.S. action on Iran nears: Rapidan Energy

Oil prices could spike as U.S. action on Iran nears: Rapidan Energy
Photograph: CNBC

Bob McNally, CEO of Rapidan Energy Group, told CNBC that the United States is likely to resume military action against Iran within days, assigning an 80% probability to renewed fighting. He warned that Brent crude and West Texas Intermediate could rise above $100 a barrel, with current prices near $100 and $91 respectively.

Source: Oil prices could spike as U.S. action on Iran nears: Rapidan Energy — CNBC

Watch: the original footage ↗

A daily AI-made news meme from Jester · Nov 6, 2026.

Topics: iran · oilprices · hormuz · brent · energy · trump

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