A threat in the Strait of Hormuz could send shockwaves through every economy on Earth.
Roughly a 5th of the world’s oil supply normally passes through that chokepoint, and crude oil has already surged above $100 as the conflict around Iran intensifies.
Today we look at what happens if conflicts continue to escalate, and why the world should get ready for $200 a barrel. Find out how one regional war could hammer gas prices, food costs, shipping, inflation, and the global economy all at once.
If tankers stop moving, insurers pull back, and traders panic, the damage won’t stay in the Middle East, It will hit wallets everywhere.
Because when oil spikes, everything gets more expensive.