General · 19 March 2026
Oil Prices Passed $100; Analysts See $200
Steadily rising oil prices would significantly harm the global economy, increasing inflation 0.4% and cutting growth 0.15% for each 10% rise. Market observers now consider crude oil reaching $150 or even $200 a barrel, less than three weeks after conflict began on February 28. This follows the Strait of Hormuz, normally carrying a fifth of global oil, staying mostly shut; it causes a daily deficit of 10 million barrels.
Reported by Al Jazeera · How we write briefs