24/7 Wall Street
08 Jun 2026, 13:43 UTC · 2h ago
Is the Countdown to $150 Oil On as the Iran War Drags?
24/7 Wall Street
08 Jun 2026, 13:43 UTC · 2h ago
Story key points
4 claims · impact-rated
Emergency oil reserves are approaching 40-year lows while the Strait of Hormuz remains blocked. — Depleted reserves combined with a blocked trade route create a severe supply shock that could trigger massive price spikes.
-0.80Oil prices could potentially reach $150-160 per barrel within weeks if the geopolitical situation worsens. — A rapid climb to $160 oil would act as a significant tax on global economic growth and fuel inflationary pressures.
-0.70Hotter-than-expected jobs data contributed to a recent semiconductor and broader tech sector sell-off. — Strong employment data typically leads to expectations of higher-for-longer interest rates, which pressures high-growth tech valuations.
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The stock market has largely shrugged off the current Iran war with oil currently priced around $90 per barrel. — Current market resilience suggests that the immediate risks of the conflict are already partially priced in.
Ticker attribution
Model heads
Mentioned as a successful historical pick by an analyst, though currently part of a 'brutal semiconductor sell-off' in the broader tech sector.
Potential for higher oil prices creates tailwinds, although company leadership is noted as sounding nervous about future geopolitical risks.
No ticker relationship head found.
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