Fesharaki Sees Oil At $150-$200 in Next Few Weeks

Fereidun Fesharaki warns a prolonged 'near-closure' of the Strait of Hormuz could push oil to $150–$200/bbl within weeks, risking severe global economic fallout. Such a shock implies a large supply-driven price jump likely to drive inflation higher, trigger risk-off flows and significant market volatility across energy, trade-exposed sectors and global growth-sensitive assets.

Analysis

Fereidun Fesharaki warns a prolonged 'near-closure' of the Strait of Hormuz could push oil to $150–$200/bbl within weeks, risking severe global economic fallout. Such a shock implies a large supply-driven price jump likely to drive inflation higher, trigger risk-off flows and significant market volatility across energy, trade-exposed sectors and global growth-sensitive assets.