Macquarie analysts put 40% odds on oil hitting $200/barrel if the Middle East war and Strait of Hormuz blockade persist into Q2 2026. Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter, analysts at Macquarie Group have warned. The odds of the Iran war dragging on until June were put at 40% by the analysts in a note... [2143 chars]
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