2026-03-15 14:52:59

Oil at $200? Not yet.

At the start of the war, Brent briefly touched $120, then pulled back. Now it’s around $103, and the big question is why $150–$200 predictions haven’t happened.
▪️ Strait of Hormuz isn’t blocked — flows continue, including Iranian oil to China
▪️ Markets expect a short war — many think the conflict could end by March–April
▪️ Logistics issues, not infrastructure damage — supply can recover quickly
▪️ Oil surplus existed before the war — other producers can offset losses
▪️ Demand is flexible — high prices push countries to reduce consumption
$150 oil is possible, but it would likely trigger faster market rebalancing.
We may also be witnessing one of the last periods where oil trades above $100 long-term. ⛽📉

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