Oil prices are expected to reach $100 per barrel due to the current situation in the Middle East, Iranian Oil Minister Javad Owji was quoted as saying on Friday by the ministry’s news agency SHANA.

“Referring to recent developments in the Middle East, he (Owji) said: ‘Oil prices are predicted to reach $100 per barrel in global markets’,” SHANA reported.
Source: Reuters (Reporting by Dubai newsroom, Editing by Chris Reese)