OIL TO $200 FEAR
Six More Weeks of Choked Hormuz Supply Could Send Oil to $200
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.
Oil prices could jump to $200 per barrel and even higher if the Strait of Hormuz remains near-closed as it is at the moment, Fereidun Fesharaki, Chairman Emeritus of energy consultancy FGE NexantECA, told Bloomberg on Tuesday.
OIL TO $200 PER BARREL? LOCKED IN A STRANGLEHOLD AT HORMUZ! With six more weeks of near-closure at the strategic Strait of Hormuz choking 400 million barrels a month, analysts warn prices could skyrocket beyond $200 despite President Trump's tweets. Every week that vital oil supplies are halted tightens the noose on global markets, risking astronomical energy chaos and economic fallout. The world waits, but the clock is ticking—and the oil crisis is intensifying.
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