Oil price rise depends on how

Oil price rise depends on how long the current war lasts and the Hormuz strait comes out of conflict. With approximately 20% of global oil passing through this route and nearly 90% fueling Asian economy, all sources point that production or reserves are not the limiting but the shipping is the crucial bottleneck. My guess is oil price may go up above $100 in the short term as no signs of war aggression slowing down.

Oil at 52-Week High: Can Trump Stop the March to $100?

U.S. crude oil futures (WTI) ignited on Thursday, surging 8.5% to settle near $81 per barrel, its highest level since July 2024. This spike comes as investors price in a "long-war" scenario in the Middle East, with Brent crude also breaking above the $85 mark. The market is currently grappling with a "Strait of Hormuz premium," as prediction-market odds of a closure hit an all-time high of 86%. Would supply squeeze push crude above $100? Or will a potential SPR release force a "gap fill" back toward $73?

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