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Oil price may reach $200 a barrel if Strait of Hormuz remains closed, Annmarie Hordern warns
Oil prices could reach a record $200 a barrel if the conflict involving Iran extends until June and the Strait of Hormuz remains closed, according to Annmarie Hordern referencing Macquarie Group. The Strait of Hormuz is a crucial shipping route for global oil supplies, and its closure could have significant financial impacts.
This projection comes amid growing concerns over geopolitical tensions and their effects on energy markets.
Hordern has previously reported on other major moves involving global companies. She noted that Oracle and Silver Lake investors paid $2.5 million to the U.S. Treasury for TikTok's U.S. operations. In a separate update, Hordern reported that Netflix withdrew from a Paramount Skydance deal concerning valuation.
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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