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Oil to cross $200 per barrel? Report flags worst-case Hormuz scenario that Iran warned of
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A prolonged closure of the Strait of Hormuz could trigger a severe global energy crisis, potentially pushing oil prices to $200 per barrel by late 2026. Wood Mackenzie's report outlines three scenarios, with the worst-case predicting a significant economic contraction. This warning echoes Iran's own earlier predictions amid escalating regional tensions. What's Your Reaction?
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