Oil Prices 'to Soar to $200' as Trump's Iran War Puts Global Economy on Brink

Oil prices 'to soar to $200' as Trump's Iran war puts global economy on brink

Experts warn Iran's effective closure of the Strait of Hormuz is already pushing crude prices sharply higher.

Soaring oil prices: What do they mean for the Canadian economy and entrepreneurs?

By BDC MONTREAL, Canada – The price of crude oil has surged 40 percent over the past two weeks, rising from USD 65 per barrel at the end of February to nearly US$95 per barrel. In response to Israeli-US strikes that began on February 28, Iran has blocked the Strait of Hormuz—a key oil transit route. This has sent shockwaves through energy markets, with the price even surpassing the US$100 mark. Prices are not expected to drop anytime soon Last y…

Oil Prices Could Surge to $200 if Strait of Hormuz Remains Closed, Energy Expert Warns

Global oil prices could spike dramatically if the Strait of Hormuz remains closed, with Brent crude potentially reaching as high as $200 per barrel in a prolonged disruption,