Latest views from researcher Rory Johnston:
🔺 If the Strait of Hormuz remains closed, Brent crude oil may reach $250-300 per barrel.
🔺 Global daily demand needs to be cut by 15 million barrels to keep the economy running.
🔺 After adjusting for inflation, oil prices are almost certain to hit a record high.
He pointed out that this was not a simple price fluctuation, but "the end of the current oil market." And this kind of shock is unlike anything we've ever seen before.
From crude oil to refining profits, the entire industry's logic will be reshaped.
⚠️ This time the wolf is really here.
