Oil markets face their sternest test since 2022. Fereidun Fesharaki's warning of $150-$200 per barrel prices could reshape the global economy in mere weeks.
The Big Picture
The Strait of Hormuz isn't just a shipping lane. It's the main artery of global oil trade, carrying roughly 20% of the world's petroleum. When Fereidun Fesharaki, chairman emeritus of FGE NexantECA, talks about a prolonged 'near-closure,' he's describing a scenario markets have feared for decades but never fully confronted. His warning of $150-$200 per barrel prices in the coming weeks isn't routine forecasting; it's an alarm bell for every economic sector.
Fesharaki's credibility adds weight to this warning. With decades of energy analysis experience, his assessment comes at a particularly vulnerable moment for global markets. The 2026 economy already navigates choppy waters with persistent geopolitical tensions and ongoing monetary adjustments. An oil shock of this magnitude would arrive at the worst possible time, when global economic resilience is being tested from multiple fronts.
“A Strait of Hormuz closure would be the economic equivalent of a global heart attack.”
Why It Matters
