Oil May Reach $200 If Iran War Extends to June, Macquarie Says
Bloomberg.com • • general
Key Points:
- Macquarie Group Ltd. warns that oil prices could soar to a record $200 per barrel if the Iran war continues until June and the Strait of Hormuz remains closed.
- Analysts, including Vikas Dwivedi, estimate a 40% probability of the conflict extending through the second quarter, leading to historically high real oil prices.
- There is a 60% chance the war may end by the end of the current month, which would likely prevent such extreme price spikes.
