Oil Seen Rising Past $150 If Hormuz Still Closed

Oil prices could rise to $150 a barrel by August if the Strait of Hormuz remains effectively closed, with prices potentially nearing $200 by year-end, according to FGE NexantECA Chairman Emeritus Fereidun Fesharaki. The comment highlights a severe geopolitical supply disruption risk for global energy markets. Such a scenario would be highly inflationary and could trigger broad market volatility.

Analysis

Oil prices could rise to $150 a barrel by August if the Strait of Hormuz remains effectively closed, with prices potentially nearing $200 by year-end, according to FGE NexantECA Chairman Emeritus Fereidun Fesharaki. The comment highlights a severe geopolitical supply disruption risk for global energy markets. Such a scenario would be highly inflationary and could trigger broad market volatility.