Macquarie: If the Strait of Hormuz remains closed for several weeks, Brent crude oil prices could rise above $150

Gate News reports that on March 9, international investment bank Macquarie issued a market warning stating that if the Strait of Hormuz (one of the world’s most important oil transit routes) remains closed for several weeks, Brent crude oil prices could surge above $150 due to production stoppages and transportation restrictions.

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