By Sheldeen Joy Talavera, Reporter
LOCAL PUMP PRICES may spike after the US and Israel launched strikes on Iran, which may cause a major oil supply disruption in the Middle East, according to industry players and analysts.
“The latest developments are seen to push prices much higher, despite the hefty risk premiums that were already factored in, because of the latest developments in the Middle East,” Leo P. Bellas, president of Jetti Petroleum, Inc., told BusinessWorld.
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