economy
March 1, 2026
Oil prices to exceed $100 per barrel
The head of the Russian Direct Investment Fund earlier said that the closure of the Strait of Hormuz would not spare the US and would lead to to a "global oil shock"
TL;DR
- Global oil prices could exceed $100 per barrel.
- The prediction is linked to the tense situation in Iran.
- Potential closure of the Strait of Hormuz is a key factor.
- A closure of the Strait of Hormuz would lead to a 'global oil shock'.
- The United States would not be spared by such a shock.
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