Middle East Supply Collapse Pushes Oil Toward $200 a Barrel

Oil prices could surge to $150–$200+ per barrel as Middle East exports and production crater, removing roughly 7–10 million barrels per day from global supply and leaving limited storage to meet demand. With no physical oil readily available, prices may stay elevated even if hostilities ease; some analysts foresee parabolic spikes, while others expect a pullback after March. Temporary relief could come from sanctioned Russian barrels, but a full rebound to pre-crisis levels appears unlikely for some time.