Oil prices could skyrocket to $150 or even $200 per barrel if the closure of the Strait of Hormuz due to conflict in Iran continues for six to eight weeks, according to energy market consultancy FGE NexantECA. Chairman Emeritus Fereidun Fesharaki highlighted the severe impact of the disruption, noting that 100 million barrels of oil are blocked weekly, leading to significant market losses. Fesharaki downplayed the influence of political statements, including those from Trump, on the situation, emphasizing that the physical disruption of supply is the primary factor driving prices. He stated that as long as the strait remains closed, oil prices will continue to rise, regardless of political rhetoric.