If Israel puts troops on ground, oil on way to $100: Jonathan Barratt

The surge in crude prices is attributed to concerns about Israel putting troops on the ground and the potential for the conflict to spread into the Arab states. This uncertainty could disrupt the oil market and push prices higher. The impact on crude prices due to geopolitical tensions cannot be measured accurately, but there is concern about potential supply chain disruptions. While there may not be immediate supply constraints, the talk of Arab states becoming involved in the conflict is causing market concern about the security of oil. This could lead to higher oil prices.