Jeff Currie could pass as a preacher. But you may not like what he's preaching.
The partner of the Carlyle Group and head of its Energy Pathways Group thinks oil prices have not yet peaked thanks to the Iran war, now finishing its fourth week. Not even close. Absent a sudden truce, he sees prices rising into the summer before peaking.
How high? Currie has been careful not to put a dollar number on...
The article presents a complex situation involving geopolitical tensions, global energy markets, and potential economic impacts. The conflict between Iran and Israel is causing significant disruptions to oil and natural gas shipments through the Strait of Hormuz, a key waterway for these resources. This disruption could lead to substantial increases in oil prices, potentially pushing them up to $200 per barrel. If this were to happen, it would result in drastic rises in gasoline prices in the Un...