Oil market faces critical juncture as Hormuz closure risks.

Oil market faces critical juncture as Hormuz closure risks. Morgan Stanley warns that prolonged shutdown of the Strait of Hormuz could push Brent crude toward $150 per barrel by summer. The strategists describe the situation as a "race against time," suggesting that factors currently restraining oil price increases from Middle East tensions may deteriorate if the waterway remains closed through June. This analysis highlights the fragility of global energy markets and the significant geopolitical risks that could trigger substantial price spikes. Supply disruptions from one of the world's most critical chokepoints would have widespread economic implications across industries and consumer markets globally.