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Could the War in Iran push oil prices up to $150?

Apr 13, 2026
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If you thought markets were back to normal following last week’s ceasefire between the US and Iran, you thought wrong. Oil soared back above $100 a barrel on Monday after President Trump said the U.S. would blockade the Strait of Hormuz, a key passageway for global oil supplies to the south of Iran. And some analysts fear oil could yet surge to $150 a barrel. So how did we get here? City AM's Simon Hunt unpacks the impacts of the conflict in the Middle East. #news #finance #energy #iran #trump

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