March 16, 2026 10:42 PM GMT Energy | North America Oil Scenario Analysis - What's Priced In? As we enter the third week of the Iran conflict, energy flows through the Strait of Hormuz remain at a standstill. Given the large moves across commodities & equities, we revisit what's priced in, oil price sensitivities & upside/downside to consensus earnings across our E&P and Integrated coverage. Key Takeaways Exhibit 1: The median FCF yield for our oil coverage is 12% at strip (~$80 WTI). This would move by ~3% ...