Macquarie: Two More Months of War Could Send Oil to $200

Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter, analysts at Macquarie Group have warned. The odds of the Iran war dragging on until June were put at 40% by the analysts in a note. This forecast highlights the extreme sensitivity of global energy markets to geopolitical escalations in the Persian Gulf and the potential for a massive supply-side shock if hostilities do not subside by the end of the first quarter.