Analysis: If Iran's threat becomes reality, oil prices could soar to $120 or even higher.

Rystad Energy said that a threatening attack on critical energy facilities in Saudi Arabia, the United Arab Emirates, and Qatar could immediately drive oil prices above $120 per barrel. These five facilities warned by Iran account for about 20% of global liquefied natural gas trade, up to 10% of Asia-Pacific naphtha imports, and over 6% of global polyethylene production capacity - all concentrated in a region with almost no short-term alternatives. Rystad Energy analysts stated, "If the statement by Iran's Tasnim News Agency is true and facilities in Saudi Arabia, the United Arab Emirates, and Qatar are attacked, at least 700,000 barrels per day of refined oil production capacity will disappear from the global market overnight, while impacting diesel, aviation fuel, and naphtha supplies in these three countries." The company argued that if critical infrastructure like Saudi Arabia's Ras Tanura port is attacked, oil prices could even reach $150 per barrel or higher.