RE: Silver Silver21 Mar 2026 18:57
Saudi Arabian oil officials have projected that crude oil prices could surge past $180 a barrel if the ongoing conflict and energy supply disruptions in the Middle East persist through late April 2026.
WSJ
WSJ
+1
Key details regarding this forecast, as reported by the Wall Street Journal in March 2026, include:
Context: This projection is considered a "base case" by Gulf producers if the Iran-related war continues to impact infrastructure and shipping through the Strait of Hormuz.
Impact: Prices at this level are feared to trigger a global recession, massive demand destruction, and high inflation.
Other Forecasts: While Saudi officials warned of $180, other market participants have mentioned different scenarios, including $150 a barrel, with some analysts noting $200 is not impossible if disruptions are prolonged.
WSJ
WSJ
Hi burt this one's for you straight from the news have a nice weekend :-)