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Mideast conflict impacts oil prices worldwide.

NEW YORK - If you think $3 gas is bad, what about $4? Analysts say it could be just around the corner because of the fighting in the Middle East. "If it goes bad, we could be talking $4, $4.50, maybe even $5," says Phil Flynn, an oil analyst with Alaron Trading Corp. Not because Israel or Lebanon has oil, but because Iran, the world's fourth-largest producer, supports Hezbollah's battle against Israel.

Mideast conflict impacts oil prices worldwide.
xcel, Jul 15, 2006
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