Oil prices could spike by as much as $175/bbl according to a new analysis of the impact on oil markets of an Israeli attack on Iran and subsequent closure of the Strait of Hormuz. "Concern is rising among officials in Washington and Jerusalem that Israeli leaders increasingly favor unilateral military action to slow Iran's pursuit of a nuclear weapon," said Robert McNally, head of the Washington, DC-based Rapidan Group. Israeli leaders have said they favor a diplomatic solution, but a spate of Israeli media reports on a possible strike have appeared this week, accompanied by veiled threats from top politicians. In a speech to parliament this week, Israel's Prime Minister Benjami...