US-Iran conflict resumption 80%... McNally forecasts $100 oil on CNBC

Rapidan Energy Group founder Bob McNally said on CNBC that he puts an 80% probability on a resumption of U.S.-Iran military conflict, which he expects would push Brent and WTI crude futures above $100 a barrel. McNally attributed the risk to the standoff between President Trump's push to prevent Iran from obtaining nuclear weapons and Tehran's refusal to give up its nuclear capability. The call matters because a return above $100 would mark a sharp escalation from current crude levels and revive energy-driven inflation risk across global markets. Investors should watch for signs of renewed strikes or collapsed diplomacy, along with any move in front-month Brent and WTI contracts toward the triple-digit threshold.