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Energy Energy

Oil Seen Rising Past $150 If Hormuz Still Closed

Source: bloombergMarkets June 11, 2026 · 22:34
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. Fesharaki spoke June 11 on Bloomberg Television. (Source: Bloomberg)
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