Oil could spike to $200 if Hormuz ‘near-closure’ persists, Fesharaki says (CO1:COM:Commodity)

Oil could jump to $150–$200 a barrel if disruptions in the Strait of Hormuz continue for another six to eight weeks amid the Iran conflict, energy consultancy FGE NexantECA told Bloomberg.

“Every week, 100 million barrels of oil is not going