Oil prices could hit $200 amid Iran conflict warnings
pre-market1 source ↓written by the desknot a recommendation
- if the Iran
- $200 a barrel
- for this worst-case
- 40% probability
- suggests hostilities
- 60% chance
- by April's end
- $150
Global oil markets face potential turmoil as Macquarie Group warns crude prices could reach $200 a barrel if the Iran conflict persists, impacting the Strait of Hormuz. Analysts estimate a 40% probability for this worst-case scenario, while a 60% chance suggests hostilities may conclude soon. Traders are increasingly betting on prices hitting $150 by April's end.
Not investment advice. For informational purposes only.