Bullbit
Commodities
Macquarie: Two More Months of War Could Send Oil to $200
- What: Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter.
- Why: Analysts at Macquarie Group put the odds of the Iran war dragging on until June at **40%**.
- Signal: A prolonged war could lead to a sharp increase in oil prices, causing economic instability.
- Target: Oil prices are expected to reach a record high of $200 per barrel if the war continues through the second quarter.
- Risk: A prolonged war in the Middle East poses significant economic and geopolitical risks.