The Middle East conflict has been ongoing for five months and has not yet triggered a $200 oil price, how can the five major defense lines stop the surge in crude oil prices?

date
21/07/2026
The Securities Times app has noted that some analysts had predicted that in the event of a US-Iran war actually blocking key global oil supply channels such as the Strait of Hormuz, the price of crude oil could reach $150 or even $200 per barrel. However, Brent crude futures only reached a peak of $126 per barrel, and from the outbreak of conflict on February 28 to President Trump's suspension of strikes against Iran on June 11, the average price remained around $100 per barrel.