Analyst: "Physical reality" dominates the surge in oil prices; Trump's verbal intervention has little effect.

MeNews · 2026-03-31T09:40:18+00:00

FGE NexantECA warns that if the Strait of Hormuz is closed for six to eight weeks due to Iran war, oil prices could surge to $150 to $200 per barrel, with losses reaching astronomical levels. Fesharaki questions the effectiveness of Trump's intervention, believing that the price increase is closely related to the reality of supply disruptions.

MeNews

2026-03-31 09:40:18

Abstract generation in progress

ME News message, March 31 (UTC+8). Energy market consulting firm FGE NexantECA said that if the near-closure of the Strait of Hormuz caused by the Iran war continues over the next six to eight weeks, oil prices could spike to $150 per barrel and even $200 per barrel. The firm’s honorary chairman, Fereidun Fesharaki, said Tuesday: “If 100 million barrels of oil can’t pass each week, that means 400 million barrels can’t pass each month. Therefore, for a period of time, these losses the market suffers will be astronomical.” Fesharaki expressed skepticism about the effectiveness of Trump’s verbal intervention (including remarks about potentially ending the conflict), saying he believes the final driver of prices is the “physical reality” of supply disruptions. He said bluntly: “As long as the Strait of Hormuz is physically closed, prices will naturally rise. No matter what Trump says at the political level, it won’t help.” (Jin10) (Source: ODAILY)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.