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Oil to hit $200 if the war continues until end of June, strategist says

sanctions_shadow_enforcement UTC: 2026-03-31 10:00:33

Brent crude could surge to $200 a barrel, pushing U.S. gasoline prices to around $7 a gallon, if the Iran conflict drags on through the end of June and the Strait of Hormuz remains largely closed to shipping traffic, Macquarie strategists warned in a note. These fears were ech...

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