Vladimir Rojankovski, investment analyst at Global FX said that if the Strait is blocked for one or two months, oil traders could panic and buy out all available crude futures, sending prices to $250 (about 568,800/-) per barrel. However, Rojankovski expressed doubt that Iran would do that since the area is highly militarized.
Artem Avinov, leading analyst with TeleTrade, also predicts that oil prices could jump to $250 per barrel if the Strait of Hormuz is blocked by Iran. But he also notes that such a scenario is highly improbable.
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