Morgan Stanley Says Strait of Hormuz Blockade Is Key Variable, Oil Prices Could Hit $150 in Worst-Case Scenario

Morgan Stanley warns that the Strait of Hormuz blockade could push oil prices to $150 per barrel if sustained. Global crude oil inventories are rapidly depleting, and the escalating U.S.-Iran conflict is increasing geopolitical risks. Goldman Sachs notes only 101 days of demand coverage remain, highlighting the urgency of the situation.