Analyst: "Physical reality" dominates the sharp rise in oil prices, verbal intervention by Trump has little impact.

Sina Finance News on March 31st, Energy market consulting company FGE NexantECA stated that if the near-closure of the Strait of Hormuz due to the Iran conflict continues for the next six to eight weeks, oil prices could surge to $150 or even $200 per barrel. The company's honorary chairman, Fereidun Fesharaki, said on Tuesday: "1 billion barrels of oil cannot pass through every week, so that's 4 billion barrels per month. Therefore, the losses suffered by the market during this time will be astronomical." Fesharaki expressed skepticism about the effectiveness of verbal intervention by Trump, stating that ultimately, it is the "physical reality" of supply interruptions that will drive prices. He bluntly stated, "As long as the Strait of Hormuz is physically closed, prices will naturally rise. Whatever Trump says politically will be in vain."