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?
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.
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