Oil Could Top $100 If Traffic Through Hormuz Remains Restricted, Moniz Says

March 5, 2026 at 09:25 PM

By Bloomberg

Oil Could Top $100 If Traffic Through Hormuz Remains Restricted, Moniz Says

Former U.S. Energy Secretary Ernest Moniz says oil could top $100 per barrel if tanker traffic through the Strait of Hormuz remains restricted over the next few weeks. The Trump administration says it will ensure safe passage of ships through the Strait. Moniz is on Bloomberg The Close. (Source: Bloomberg)

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Energy Secretary Ernest Moniz says oil could top $100 per barrel if tanker traffic through the Strait of Hormuz remains restricted over the next few w Former U.S. Energy Secretary Ernest Moniz says oil could top $100 per barrel if tanker traffic through the Strait of Hormuz remains restricted over th Monitor developments in Oil for further updates.

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Energy Secretary Ernest Moniz says oil could top $100 per barrel if tanker traffic through the Strai

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Oil Could Top $100 If Traffic Through Hormuz Remains Restricted, Moniz Says

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