This is reported by Bloomberg with reference to the forecasts of analysts of Rapidan Energy Group (REG).
This will happen if the Strait of Hormuz remains closed until August this year. In this case, the imbalance of global oil supply and demand will increase. In this case, the world reserves of raw materials will continue to melt. The leading countries will actively release reserves in order to compensate for the rapid growth of oil prices, experts explained.
If such a scenario is realized, the deficit of global supply of raw materials will reach 6 million barrels per day in the third quarter.
The current economic situation in the world looks less extreme than in the previous crises of the 1970s and 2007-2008, analysts said. However, as the war in Iran drags on, the risks of a repeat of the global financial collapse will grow, they said.
Even if the Strait of Hormuz opens in July, oil prices, REG expects, will reach about $130 a barrel in the next few months.
