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Oil Prices May Skyrocket to $200 Amid Conflict

3/17/2026

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Summary

Story summary

Energy analysts expect oil prices could reach $200 per barrel due to disruptions from the U.S. and Israeli-led conflict with Iran.
The Strait of Hormuz, which carries 20% of global oil, has blockages that drive prices higher.
Brent crude is around $100, but analysts warn that the supply crisis could push prices higher.
Traders disagree: some expect a quick fix, others predict months of disruption affecting markets.

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Story summary

Energy analysts expect oil prices could reach $200 per barrel due to disruptions from the U.S. and Israeli-led conflict with Iran.
The Strait of Hormuz, which carries 20% of global oil, has blockages that drive prices higher.
Brent crude is around $100, but analysts warn that the supply crisis could push prices higher.
Traders disagree: some expect a quick fix, others predict months of disruption affecting markets.