It is being reported that Iran is seriously considering closing the Strait of Hormuz.  We don’t know how high the price of oil will go if that happens, because it has never happened before.  Of course I think that it would be safe to assume that the price of oil would rapidly surpass the $100 … Continue reading $100? $200? $300? – How Catastrophically High Will The Price Of Oil Go When Iran Closes The Strait Of Hormuz?