Oil price could surge to $US150 as war engulfs major Middle East supply routes, analysts say - ABC News & Headlines - Australian Broadcasting Corporation

Latest News About Oil markets face risk from Iran war supply disruption

The US Pentagon details the Iran war cost 33.4 billion dollars. That spending caused severe shortages in strategic munitions. A US watchdog agency backed up the finding of depleted stocks. It also tallied impacts on weapons stockpiles and military bases .

Oil prices might jump, by some energy experts' reckoning, as the conflict rattles oil shipping lanes in the Middle East. In China, oil throughput rose in August. Fuel exports recovered in the same period.

Within Trump's US supporters, a generational divide on the war has emerged. Older and younger groups take contrasting positions. The official toll was set at 33.4 billion dollars. The munitions shortfall was tied to the war . The impact on military bases showed up in the watchdog's tally. The conflict has created an age gap in opinions.

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