
Strait of Hormuz Closure Risks $200 Oil Spike, Analysts Warn
Oil prices have surged to $100 per barrel following the Middle East conflict, with a 51% increase in March. Analysts from Macquarie and Bank of America warn that if the Strait of Hormuz remains closed, prices could exceed $200, risking global economic damage akin to 1970s energy crises. President Trump predicts a quick end to the conflict and falling gas prices, while his administration has released strategic reserves to ease supply shortages. Bank of America outlines scenarios ranging from $77.50 to over $150 per barrel based on conflict duration, with severe recession risks in worst-case outcomes. The situation highlights the vulnerability of oil supply chains to geopolitical events and policy changes.






















