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Analyst Warns of $200 Oil Prices if Hormuz Strait Blocked Amid Conflict
The Strait of Bab al-Mandeb faces risks from Houthi attacks targeting Israel, raising concerns about its importance for global oil supplies, with an analyst predicting oil prices could reach $200 if the Strait of Hormuz is closed and the conflict prolonged.
29 Mar, 08:03 — 29 Mar, 08:03
Coverage Timeline
First report: Daily Sabah · 29 Mar, 08:03|Full coverage: 3 · 4h|Window: 4h
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