Oil May Rise to $150 If US Goes Ahead With Blockade, Onyx Says

Oil prices should be much higher than current levels if the US goes ahead with a planned naval blockade of the Strait of Hormuz, according to a veteran oil market...

By Haslinda Amin, Sarah Chen · Bloomberg Markets

Oil prices should be much higher than current levels if the US goes ahead with a planned naval blockade of the Strait of Hormuz, according to a veteran oil market executive.