Business

Oil prices under pressure amid Hormuz tensions

Updated 2026-05-11 11:45 UTC 1 source Negative

Morgan Stanley warns that crude oil prices could rise to $150 by summer if the Strait of Hormuz remains closed. Crude is currently climbing as a result.

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MarketWatch

A ‘race against time.’ Hormuz closure could push Brent to $150 by summer, warns Morgan Stanley.

Crude is climbing to start the week as Morgan Stanley is warning that crude prices are being held at bay from much higher losses. But that could change.

2026-05-11 11:28 UTC