Oil prices may surge to $150 amid Hormuz crisis
after close1 source ↓written by the desknot a recommendation
- prices to surge
- 13%
- opening above
- $82 per barrel
- prices could reach
- $120 to $150
- of the world's
- 20% to 30%
The ongoing crisis in the Strait of Hormuz has caused Brent crude oil prices to surge 13%, opening above $82 per barrel. Analysts warn that if tensions escalate, prices could reach $120 to $150. This waterway is crucial, transporting 20% to 30% of the world's seaborne crude oil, significantly impacting global energy markets.
Not investment advice. For informational purposes only.