Oil prices surge amid Hormuz disruptions. Brent crude briefly approached $120 per barrel Sunday before retreating to around $100, while West Texas Intermediate rose to approximately $90.90, marking a roughly 36 percent jump in one week. Analysts warn that prolonged shipping interruptions through the Strait of Hormuz could push crude significantly higher. Morgan Stanley strategists suggest prices could stabilize near $80 to $90 if disruptions prove temporary, but extended blockades could trigger demand destruction and push prices above $130 per barrel. Macquarie Group analysts estimate prices could exceed $150 if the shipping blockade lasts several weeks, while Goldman Sachs warned Brent could surpass $140 if the strait remains closed long term. The Strait of Hormuz handles roughly 20 percent of global oil supply, with approximately 20 million barrels passing through daily.
