US airstrikes on Iranian nuclear facilities are expected to drive up oil prices when markets reopen Sunday. Analysts predict higher prices regardless of Iran's response, with a sharp surge possible if Iran targets oil infrastructure or shipping in the Strait of Hormuz. While oil prices have already risen 10 percent since Israel's recent attack, the US involvement adds volatility. Iran has threatened retaliation, and hardliners are calling for attacks on US naval fleets and disruption of shipping through the Strait of Hormuz, a critical waterway for global oil transport. However, even with potential Iranian crude export disruptions, sufficient global oil supply exists if the Strait remains open.

Prepared by Rachel Morgan and reviewed by editorial team.