$100 oil? Prolonged Hormuz closure could spark a 1970s-style energy shock - Diina London - Your Intuitive Insights to London's Local Pulse

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Author name: CNBC

$100 oil? Prolonged Hormuz closure could spark a 1970s-style energy shock

date Mar 02, 2026

oil markets bracing for a possible supply shock after u.s. strikes on Iran over the weekend. analysts expect an immediate "knee-jerk" reaction to oil prices. analyst: tensions could escalate into a sustained interruption of exports.

Source: cnbc.com

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