Oil Prices Could Exceed $200/barrel as US-Iran Tensions Escalate

TapChiBitcoin

2026-03-21 03:59:32

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Tensions between the US and Iran are raising concerns that oil prices could surge sharply, according to commodities expert Francisco Blanch of Bank of America. Currently, WTI crude is around $96 per barrel and Brent is about $109 per barrel, but the major risk lies in the future if the conflict persists. Blanch warns that the oil market could become extremely volatile. The biggest threat is disruption at the Strait of Hormuz, which transports about 20% of global oil supplies.

If disrupted, supply would tighten immediately, driving prices higher. At the same time, many countries might shift to stockpiling resources instead of relying on just-in-time supply chains, as China has done. This trend could keep oil prices high for the long term. Prices could reach $160, or even surpass $200 per barrel.

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