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Oil could surpass $150 on Iran tension, Keith Woods warns

Oil could surpass $150 on Iran tension, Keith Woods warns
Iran threat could send oil above $150

A prolonged closure of the Strait of Hormuz by Iran could push oil prices above $150 and trigger a global recession, according to Keith Woods.

Woods compared the potential inflation surge to the 1970s energy crisis and criticized European populist support for the ongoing conflict, noting the absence of a clear reason for the war.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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