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Geopolitical Score 88 Bullish

Brent Crude Eyes $150 Target Amid Potential Strait of Hormuz Blockade

Apr 13, 2026 07:47 UTC
CO1:COM, CL=F
Short term

Oil prices have surged past $103 as markets price in the risk of a U.S. naval blockade in the Strait of Hormuz. Analysts warn that a full supply disruption could drive Brent crude toward $150 per barrel.

  • Brent crude prices currently trading above $103
  • U.S. naval blockade of the Strait of Hormuz under consideration
  • Onyx analysts suggest prices are currently underpriced
  • Potential price spike to $150 per barrel if supply is disrupted
  • High risk of extreme volatility in energy markets

Brent crude prices have breached the $103 mark, reflecting heightened geopolitical tensions and the possibility of a U.S.-led naval blockade of the Strait of Hormuz. The market is reacting to the risk of a severe supply shock in one of the world's most critical maritime chokepoints. The Strait of Hormuz is essential for the transit of global oil supplies. Any significant disruption to the flow of tankers through this corridor would create an immediate global supply deficit, forcing prices sharply higher as refineries scramble for alternative sources. According to oil market executives at Onyx, current prices are significantly underpriced relative to the geopolitical risk. If the U.S. proceeds with the planned naval blockade, the market could see a rapid escalation, with price targets potentially reaching $150 per barrel. Traders are now closely monitoring U.S. naval movements and diplomatic signals. A confirmed blockade would likely trigger extreme volatility across energy futures and could have broader implications for global inflation and macroeconomic stability.

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