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

MeNews · 2026-04-01T13:18:25+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

2026-04-01 13:18:25

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ME News message, March 31 (UTC+8). Energy market consultancy 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 surge to $150 per barrel or even $200. On Tuesday, the firm’s executive vice chairman Fereidun Fesharaki said: “With 100 million barrels of oil unable to pass each week, that means 400 million barrels unable to pass each month. Therefore, the losses the market suffers over a period of time will be astronomical.” Fesharaki expressed skepticism about the effectiveness of Trump’s verbal intervention (including remarks about possibly ending the conflict). He believes that in the end, the price is driven by the “physical realities” 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)

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