How High Could Oil Prices Go If the Conflict with Iran Continues?

Group 1 - A potential closure of the Strait of Hormuz for 60 days could lead to a significant oil shock, impacting prices globally and causing a crisis in both the US and Europe [1] - In a worst-case scenario, oil prices could exceed $200 per barrel, necessitating massive demand destruction and potentially triggering an economic shock that would require central bank intervention [2] - There is skepticism on Wall Street regarding the duration of any crisis, with expectations that the White House may intervene before a 60-day closure occurs [2] Group 2 - The geopolitical situation, including actions against leadership in Iran, raises questions about the long-term stability and prosperity of the region, which could further complicate oil market dynamics [3]