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Oil Seen Rising Past $150 If Hormuz Still Closed

Bloomberg Markets · Jun 12, 2026, 5:34 AM · Also reported by 4 other sources

FGE NexantECA Chairman Emeritus Fereidun Fesharaki says he sees oil prices rising to $150 a barrel if the Strait of Hormuz is still effectively closed by August. On Bloomberg's Insight with Haslinda Amin, he also said oil could be closer to $200 a barrel by the end of the year. (Source: Bloomberg)

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Foreign Policy Hormuz Isn’t Closed Anymore. But It’s Not Fully Open, Either. Al Jazeera Iran shuts Hormuz strait: But wasn’t it already closed? Al Jazeera Iran says 18 targets hit across US bases, Strait of Hormuz closed Pakistan Observer Strait of Hormuz ‘closed’ as US, Iran exchange strikes for second day

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Oil Seen Rising Past $150 If Hormuz Still Closed

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