Iman Nasseri, managing director of Middle East at FGE NexantECA, expects oil to jump above $100 per barrel if the strait [Hormuz] is closed. "It seems like $70 to $80 (per barrel) would be the range for the short term if there is no closure of strait, if the strait gets closed, then we're looking at $90 and even above $100," Mr Nasseri told The National.
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