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Oil price near $120 a barrel seen as key risk for markets amid Iran tensions

Market News
17 Jul 2026
New York Post
View Source
Neutral
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Despite ongoing Iran conflict and other concerns, markets remain strong with oil prices around $80 a barrel. Experts warn $120 a barrel is a critical threshold that could trigger market downturn due to inflation and squeezed corporate profits. However, many believe any spike above $120 would be short-lived and manageable given US energy independence and strong corporate earnings. Investors are advised to watch oil prices closely but remain cautious about doomsday scenarios.

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