📈 Business
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Bloomberg
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Macquarie Warns Oil Could Hit $200 a Barrel If War Drags On
Macquarie Group has warned that oil prices could hit a record $200 per barrel if the Iran war continues until June and the Strait of Hormuz remains closed. The investment bank outlined this scenario as a serious risk to global energy markets. Such a price level would be historically unprecedented.
Oil may hit a record $200 a barrel if the Iran war drags on till June, with the Strait of Hormuz staying shut, Macquarie Group Ltd. said.