Oil price has already been rising. but could rise further depending on the expansion of the hostilities. Do not forget that Assad, though not a close ally, is aligned with Iran's policy. Therefore, if he is attacked, Iran may perceive this as an attack on Iran and may counter react. The hostilities could escalate and that may mean that the price of oil could rise quite substantially.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.