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Six More Weeks of Choked Hormuz Supply Could Send Oil to $200

sanctions_shadow_enforcement UTC: 2026-03-31 10:43:55

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. Although the oil market is moving on sentiment and...

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