Oil Seen Rising Past $150 If Hormuz Still Closed

FGE NexantECA Chairman Emeritus Fereidun Fesharaki says he sees oil prices rising to $150 a barrel if the Strait of Hormuz is still effectively closed by August. On Bloomberg's Insight with Haslinda Amin, he also said oil could be closer to $200 a barrel by the end of the year. Fesharaki spoke June 11 on Bloomberg Television. (Source: Bloomberg)