economy
March 26, 2026
OIL EXCEEDS $200 PER BARREL? Washington Prepares for Worst-Case Scenario
Yesterday, Iran opened the Strait of Hormuz to Russia, India, China, and other friendly countries.
TL;DR
- The U.S. President's inner circle is considering a scenario where oil prices could hit $200 per barrel.
- This price surge is linked to a potential U.S.-Israeli war against Iran and regional escalation.
- The Strait of Hormuz is identified as a critical chokepoint for global energy supplies.
- Even oil prices around $170 per barrel are predicted to negatively impact the global economy.
- Supply chains are already adapting, with the Philippines buying Russian oil for the first time in five years.
- Iran has opened the Strait of Hormuz to Russia, India, China, and other friendly nations.