Kpler Sees Brent as High as $125 If Blockade Continues

Homayoun Falakshahi, head of crude oil analysis at Kpler, discusses energy markets as investors focus on the next step for peace talks between the US and Iran. He tells Bloomberg Television that should the US manage to sustain its blockade of the Strait of Hormuz for another two months, “Iran’s oil revenues will drop to zero.” Falakshahi also warns that should the waterway remain closed for another two months, prices for oil could go back to “roughly 120, 125 [dollars a barrel] for Brent.” (Source: Bloomberg)

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