Analyst Warns of $200 Oil Prices if Hormuz Strait Blocked Amid Conflict

The Strait of Bab al-Mandeb faces risks from Houthi attacks targeting Israel, raising concerns about its importance for global oil supplies, with an analyst predicting oil prices could reach $200 if the Strait of Hormuz is closed and the conflict prolonged.

29 Mar, 08:03 — 29 Mar, 08:03

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Daily SabahMixed4h ago

Ship insurers weigh war risks for critical but perilous Gulf route

Threats to ships in the crucial Strait of Hormuz amid war in Iran and broader regional conflict significantly raised payments for the insurance that underpins the global freight in...

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Coverage Timeline

First report: Daily Sabah · 29 Mar, 08:03|Full coverage: 3 · 4h|Window: 4h

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Daily Sabah29 Mar, 08:03First to report

Ship insurers weigh war risks for critical but perilous Gulf route

3h later

observador29 Mar, 10:39

Bloqueio ao estreito de Bab el-Mandeb: o que está em jogo?

1h later

vg29 Mar, 12:01Latest update

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Analyst Warns of $200 Oil Prices if Hormuz Strait Blocked Amid Conflict

Sources

Ship insurers weigh war risks for critical but perilous Gulf route

Coverage Timeline

Ship insurers weigh war risks for critical but perilous Gulf route

Bloqueio ao estreito de Bab el-Mandeb: o que está em jogo?

Analytiker: Oljeprisen kan nå 200 dollar

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