The US administration is studying the impact of a possible rise in oil prices to $200 per barrel on the US economy, Bloomberg reported, citing its sources.
According to Bloomberg, modeling a scenario for a sharp jump in energy prices is standard procedure during periods of heightened tension and is not a forecast. This analysis is aimed at ensuring that US authorities are prepared for all scenarios, including a prolonged conflict.
Even before the start of the US-Israeli military operation against Iran, US Treasury Secretary Scott Besant expressed concern that the conflict would lead to higher oil prices and harm US economic growth. Besant's advisers conveyed these concerns to the White House.
The price of Brent crude oil futures for delivery in May 2026 is hovering around $100 a barrel. Record prices were reached in July 2008, when Brent crude reached $147 a barrel.
On March 11, a spokesman for the Central Command of the Iranian Armed Forces said that Iran would not allow oil cargoes bound for the United States or its allies to pass through the Strait of Hormuz.