Rystad Energy warns a full Strait of Hormuz blockade could drive Brent to $180/bbl by August, with supply markets needing 6-8 weeks to normalize after any deal.

ExxonMobil SVP Neil Chapman warns crude oil could surge to $160 per barrel as global inventories near critical lows amid Strait of Hormuz disruptions.

By Isabel Wang and Myra P. Saefong