Worst-case scenario warns of deep economic impact as three possible outcomes outlined amid ongoing Iran conflict

Acccording to the analysis by Rapidan Energy Group, if the Strait reopens in July, an average oil demand reduction of 2.6 million barrels a day and the spot-market price for…

Worst-case scenario warns of deep economic impact as three possible outcomes outlined amid ongoing Iran conflict

Global crude oil prices could surge to as high as $200 per barrel in a worst-case scenario if the Strait of Hormuz remains closed through the end of 2026, according to a report.