The Strait of Hormuz has mostly reopened, and crude prices remain higher since the start of the war with Iran, but earlier predictions of $200-a-barrel Brent did not materialize, according to Bloomberg.
Rory Johnston, founder of the Commodity Context newsletter, returns on Bloomberg’s Odd Lots podcast after previously saying a prolonged closure of the strait would lead to $200 oil, to discuss what he has learned about the oil market.
Odd Lots Podcast: Rory Johnston on Why Oil Didn’t Reach $200 a Barrel
2026-06-26 08:00:44
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