Iran has issued a warning of retaliatory strikes against Saudi Arabia's energy infrastructure if its own oil facilities are attacked. Ismael Saghari Esfahani, deputy to Iranian President Masoud Pezeshkian, outlined Iran's readiness to target specific sites in Saudi Arabia, escalating tensions between the two nations. This development comes as crude oil markets brace for potential supply disruptions and price volatility, with futures contracts for $90 per barrel crude oil expiring on June 30. Market analysts are closely watching for any response from Saudi Arabia's Minister of Energy and potential production adjustments from OPEC+. These factors could significantly impact crude oil prices, especially if Saudi Arabia changes its production strategy or issues diplomatic responses. The geopolitical situation remains tense, with traders factoring in the possibility of increased oil prices due to potential supply disruptions.