Escalating Middle East violence pushes oil prices higher

'Nobody wants to see highly volatile prices, and certainly no one wants to see conflict'

Worries over escalating tensions in the Middle East and their potential to cause oil price disruptions hung over day one of a major energy sector conference in Calgary.

Escalating Middle East violence pushes oil prices higher Back to video

On Tuesday, Israel’s military said Iran had fired missiles into the country. Earlier in the day, a senior U.S. administration official warned of “severe consequences” should a ballistic missile attack take place.