\u201cIf the strait were to stay closed for an extended period, prices would need to move high enough to destroy an historically large amount of global oil demand,\u201d Macquarie\u2019s analysts wrote in the report.\u00a0<\/p>\n
\u201cThe timing of the re-opening of the straits, and physical damage to energy infrastructure, is the main determinant of the longer-term impact on commodities,\u201d they added.\u00a0<\/p>\n Many other analysts warn that if the Strait of Hormuz, which is already closed to most tanker traffic for nearly a month, remains blocked for another month or two, oil prices could jump to as high as $150 and even $200<\/a> per barrel, forcing a global economic shock.\u00a0\u00a0\u00a0\u00a0<\/p>\n Related: How China\u2019s Rare Earth Ban Backfired into a U.S. Tech Breakthroug<\/a>h<\/p>\n Analysts started expressing views that $200 oil is not a fantasy anymore\u2014with 20% of global oil supply choked at the Strait of Hormuz buyers are racing to procure physical cargoes, refiners in Asia consider cutting processing rates, and Asian countries restrict fuel exports.\u00a0<\/p>\n Andrew Harbourne, Wood Mackenzie\u2019s senior analyst for oil markets, notes that the record 400-million-barrel release<\/a> coordinated by the International Energy Agency (IEA) will cover only about four weeks of disruption in the Gulf.<\/p>\n \u201cStrategic stocks remain an effective emergency buffer, but they are a one-off intervention that must eventually be rebuilt and cannot cover a sustained supply gap,\u201d Harbourne added<\/a>.\u00a0<\/p>\n Supply shocks in the past suggest that if the war and the disruption in the Strait of Hormuz persist,\u00a0Brent crude<\/a>\u00a0prices could surge to $150 to $200 per barrel. For some petroleum products, such as diesel and jet fuel, the effective prices could be $200 to $250 a barrel or more, according to WoodMac.\u00a0\u00a0\u00a0<\/p>\n By Tsvetana Paraskova for Oilprice.com<\/a>\u00a0<\/p>\n More Top Reads From Oilprice.com<\/p>\n","protected":false},"excerpt":{"rendered":"Oil prices could hit a record $200 per barrel if the war in the Middle East drags on…\n","protected":false},"author":2,"featured_media":564365,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[217719,32475,45,49,48,217137,217720,217718,201695,9891,206340,172000,87760],"class_list":{"0":"post-564364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-200-oil","9":"tag-brent-crude","10":"tag-business","11":"tag-ca","12":"tag-canada","13":"tag-energy-market-outlook","14":"tag-iea-emergency-oil-release","15":"tag-macquarie-group","16":"tag-middle-east-war","17":"tag-oil-prices","18":"tag-oil-supply-disruption","19":"tag-strait-of-hormuz","20":"tag-wood-mackenzie"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/564364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=564364"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/564364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/564365"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=564364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=564364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=564364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/01\/book.jpg\"\/)
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