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Oil Prices May Exceed $150 per Barrel if Strait of Hormuz Remains Closed

12 Haziran 2026Bloomberg

Fereidun Fesharaki, Chairman Emeritus of FGE NexantECA, predicts that oil prices could soar to $150 a barrel if the Strait of Hormuz remains closed by August. Additionally, he suggests that prices may approach $200 a barrel by the end of the year.
This forecast highlights the significant impact of geopolitical tensions on global oil markets.
The Strait of Hormuz is a critical chokepoint for global oil transportation, with a significant portion of the world's oil supply passing through it. Any disruption in this area can lead to substantial price volatility, making it a focal point for energy analysts and market watchers.
The potential rise in oil prices underscores the fragility of energy supply chains that are heavily reliant on key maritime routes. If the Strait of Hormuz remains closed, it could trigger a ripple effect across various sectors, leading to inflationary pressures and increased costs for consumers.

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