Oil Could Spike to $200 If Hormuz Remains Shut, Fesharaki Warns
The Big Market Report Take
Oil could surge to $150 or $200 a barrel if the near-closure of the Strait of Hormuz persists over the next six to eight weeks because of the Iran war, according to energy-market consultancy FGE NexantECA.
Not financial advice. The Big Market Report aggregates news for informational purposes only. Nothing on this site constitutes investment advice. Equities and other securities are subject to market risk. Always do your own research and consult a qualified financial advisor before making any investment decisions. Full disclaimer →
Never miss a story
More from this section
- Copper Miners Face Energy Delivery, Supply Chain UncertaintySeeking Alpha8m ago
- BJ's Wholesale Club Holdings: Downgrade To Hold For The Near TermSeeking Alpha27m ago
- Chinese PMI Rebounds As Iran Impacts Start Trickling ThroughSeeking Alpha38m ago
- Raspberry Pi Reports 25% Sales Rise Driven by US and ChinaBloomberg Markets42m ago