Nobel Laureate: Real Economic Cost of Oil Already Exceeds $140 a Barrel

A Nobel Prize-winning economist warns that the true economic cost of oil is far higher than its market price, effectively exceeding $140 per barrel. He cautions that a second closure of the Strait of Hormuz could prove far more damaging than the first. The economist stresses that risks to global commodity markets are not yet over.

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📈 Business Hormuz and Red Sea strikes push oil prices higher again DW News · 3d ago 🌍 World Hormuz Strait May Stay Closed Until Late 2027, Pushing Oil to $200/barrel Jalopnik · 4d ago 📈 Business Oil hits 1-month high near $85 as US-Iran fighting threatens Strait of Hormuz Al Jazeera · 12d ago

More on this topic

📈 Business Hormuz and Red Sea strikes push oil prices higher again DW News · 3d ago 🌍 World Hormuz Strait May Stay Closed Until Late 2027, Pushing Oil to $200/barrel Jalopnik · 4d ago 📈 Business Oil hits 1-month high near $85 as US-Iran fighting threatens Strait of Hormuz Al Jazeera · 12d ago