Oil Could Hit $200 a Barrel If Strait Remains Closed

“Oil prices could surge to an unprecedented $200 a barrel if the Strait of Hormuz remains closed,” Axios reports.

“President Trump is weighing ending the U.S. war on Iran without reopening the strait — raising the once-unthinkable prospect that this key energy artery could stay shut indefinitely.”

“If that happens, oil’s recent rise — briefly nearing $120 a barrel — could look modest.”