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

Oil markets face risk from Iran war supply disruption

The US Pentagon reports the Iran war cost 33.4 billion dollars. That spending left shortfalls in strategic weapons and munitions . A US watchdog agency verified the shortfall in ammunition . It also measured the damage to weapons reserves and military installations .

Oil prices might jump, according to analysts , as the conflict rattles oil shipping lanes in the Middle East. In China, oil throughput rose in August. Fuel exports bounced back 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 was part of the watchdog's review . The conflict has created an age gap in opinions.

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