While hostilities throughout the Middle East have ramped up, there has not been any oil supply disruption, observed Andy Lipow, president at Lipow Oil Associates.
"The oil market does not expect an all-out war between Iran and Israel that would impact supply," he told CNBC via email.
However, both experts noted that a rapid escalation in conflict could lead to crude oil prices hitting $100 per barrel.
While unlikely, oil prices would jump by $30 per barrel if it occurred, he added.
"If events rapidly spiral, any material disruption to Iranian oil supplies or oil exports through the Strait of Hormuz could send oil prices well over $100 per barrel," said Young.
Persons:
Hassan Nasrallah, Nasrallah, Andy Lipow, Lipow, Josh Young, Young
Organizations:
State, Company, Venezuelan, Company SA, Israel Defense Forces, Hezbollah, U.S, National Intelligence, London Assembly, Brent, West Texas Intermediate, Lipow Oil Associates, CNBC, U.S ., U.S . Energy Information Administration, Hamas
Locations:
Venezuela, Beirut, Iran, Israel, U.S . Canada, Guyana, Straits, Hormuz, Oman, Lebanon