Oil could surge to $150–$200 a barrel if the near-closure of the Strait of
Hormuz continues for six to eight weeks, FGE NexantECA said. “Every week, 100
million barrels… not going through,” said Fereidun Fesharaki, warning losses
would be “astronomical.” He added, “The market will choke… it doesn’t matter
what the president says," downplaying comments from Donald Trump.
