Macquarie: Prolonged Iran conflict could push Brent toward $200, lift US pump prices to $7
Macquarie strategists warn that if the Iran conflict persists through the end of June and the Strait of Hormuz remains largely closed, Brent crude could reach $200 a barrel and U.S. gasoline could rise to roughly $7 a gallon. The bank lays out a base case of an early resolution and a more severe upside scenario with far-reaching economic consequenc…