ING estimates Brent could surge to $120–$130 per barrel this summer if Hormuz disruptions persist, increasing pressure on Washington to secure a U.S.-Iran deal and avert a deeper global supply crunch.

Oil prices could surge to $150 per barrel if renewed U.S.-Iran hostilities deepen Middle East supply disruptions.

ING estimates Brent could surge to $120–$130 per barrel this summer if Hormuz disruptions persist, increasing pressure on Washington to secure a U.S.-Iran deal and avert a deeper…