As geopolitical tensions escalate, the surge in oil prices has drawn market attention. Analysts point out that prolonged geopolitical conflicts may drive investors towards commodities like oil, while also exacerbating volatility in financial markets, including the cryptocurrency market. RBC Capital Markets has issued a warning that if the conflict continues, oil prices could rise further. The firm's global commodity strategist, Helima Croft, stated that the current situation suggests that the war could last for months. She predicts that if the conflict continues for a few more weeks, oil prices could exceed the historical high of $128 per barrel seen during the 2022 Russia-Ukraine crisis. If the war extends for three to four weeks, oil prices are likely to break this level. However, if the war lasts for months, oil prices could climb to $146 per barrel, as seen in 2008, leading to greater turmoil in global markets.
