$200 oil isn’t as crazy as it sounds
- Posted on April 2, 2026
- By CNN
- 1 Views
$200 oil isn’t as crazy as it sounds
In the summer of 2008, weeks before the investment bank Lehman Brothers imploded, oil prices skyrocketed to nearly $150 a barrel. Some oil watchers are warning of even higher prices this summer if the vital Strait of Hormuz doesn’t reopen soon.
