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Experts warn that oil prices could reach $150/barrel

2026-03-10 15:28:00, Kosova & Bota CNA

Experts warn that oil prices could reach $150/barrel

The US-Israeli war with Iran has caused the largest oil disruption in history, as the critical Strait of Hormuz remains virtually closed, with some experts estimating that oil could reach $150 a barrel by the end of March.

Amena Bakr, head of Middle East Energy and OPEC+ Insights at analytics firm Kpler, told CNN's Becky Anderson: "If we see a continuation of the strait blockage in this way... oil prices could easily rise to that level."

Although oil prices fell below $100 after President Donald Trump's mixed signals about when the conflict would end, Bakr advised caution as a number of Middle Eastern oil exporters have halted production due to security threats in the Strait of Hormuz.

Bakr said the president's recent assurances that ships passing through the strait would be assisted by US naval vessels have done little to motivate use of the main shipping route.

"We're not seeing ships suddenly, overnight, become much bolder. And crossing the strait just because Trump told us it's very close to ending the conflict," she added, "has not restored confidence in the market." /CNA, translated by CNN





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