Could oil hit $200 a barrel? Analysts no longer think it is far-fetched

Prices are likely to rise substantially if the Strait of Hormuz remains, in effect, closed, market watchers say.

Save

Share

Shortly after the United States and Israel first attacked Iran on February 28, analysts warned that war could drive oil prices above $100 a barrel.

Now, less than three weeks into the conflict, market watchers are seriously considering the possibility of prices surpassing $150 or even $200.