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Why oil could be headed to $200 a barrel, according to a former IMF economist

Summary by Business Insider
Oil tanker traffic stalls as the war in Iran reduces transit through the Strait of Hormuz.Benoit Tessier/ReutersOil prices have surged amid unprecedented supply disruptions from the war in Iran.Former IMF economist Olivier Blanchard said compounding risks suggest oil could hit $200 a barrel.Energy Secretary Chris Wright said this week he saw that scenario as unlikely. Oil prices have climbed as the war in Iran rages on, but a former Internationa…

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Business Insider broke the news in United States on Thursday, March 12, 2026.
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