Considering the Middle East is the source of more than a quarter of the world's oil, should tensions escalate to the point where Iran blocks the Strait of Hormuz and prevents oil from getting to market they say oil could hit $200.
Would oil really point to $200/bbl by August?
Considering the Middle East is the source of more than a quarter of the world's oil, should tensions escalate to the point where Iran blocks the Strait of Hormuz and prevents oil from getting to market they say oil could hit $200.
I don't think so ....
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