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With oil prices
at levels not seen in years and global business supply chains across sectors of the economy shut down by the de facto closure of the Strait of Hormuz, faith in the C-suite that the worst isn’t yet to come is being tested. On Friday, United Airlines
CEO Scott Kirby said he is planning for $175 oil, and for an oil price that remains above $100 through 2027. This forecast, he said, may not come to pass, but the airline CEO added that there is every reason to at least start planning for it as a potential reality.
