U.S. Attack Against Iran Would Push Oil Above $100, Yamani Says

Crude oil would soar above $100 a barrel in the event of a U.S.-led attack against Iran, Sheikh Ahmad Zaki Yamani, the former Saudi oil minister, said today.

Yamani gave no prediction as to the likelihood of a conflict with Iran. He told a conference in London that Saudi Arabia doesn’t want to see oil slip below $40 a barrel and that OPEC favors crude closer to $60.