Oil Seen Rising Past $150 If Hormuz Still Closed
FGE NexantECA Chairman Emeritus Fereidun Fesharaki says he sees oil prices rising to $150 a barrel if the Strait of Hormuz is still effectively closed by August.
On Bloomberg's Insight with Haslinda Amin, he also said oil could be closer to $200 a barrel by the end of the year. (Source: Bloomberg)
- Israel, Iran appear to pause strikes after trading fire for first time since April ceasefire Korea Times —
- Iran war day 102: Trump warns Israel against new strikes as ceasefire holds Al Jazeera —
- Oil falls as Iran-Israel halt attacks Irish Times —
- Iran, Israel halt strikes but warn of further retaliation RTE —
- Israel and Iran appear to pause strikes after trading fire for the first time since April ceasefire 📹 CTV News — · 29sec