Strait of Hormuz squeezed shut, Exxon says $150 oil is coming — ride the energy surge
The Strait of Hormuz — the narrow waterway that carries about a fifth of the world's oil — has been shut since the Iran war began in February. Now Exxon is warning that global oil stockpiles are about to hit record lows, which could push prices to $150–$160 a barrel.
Idea
The Strait of Hormuz closure has choked off roughly 20% of the world's daily oil supply for months now, and Exxon is publicly saying inventories will soon reach critical levels. When a major oil company's own executive predicts $150+ crude, that signals real physical tightness — not just speculation. Even if a US-Iran ceasefire materializes soon, experts are saying the era of cheap $60 oil is over because the damage to supply chains and infrastructure is already done. Oil producers and oil-tracking funds should continue to benefit as prices grind higher.