Energy market consultancy FGE NexantECA stated that if the near-closure of the Strait of Hormuz due to the Iran conflict continues for the next six to eight weeks, oil prices could surge to $150 or even $200 per barrel. Fereidun Fesharaki, the firm's honorary chairman, said on Tuesday, "One hundred million barrels of oil cannot pass through each week, and four hundred million barrels per month. Therefore, over time, the losses suffered by the market will be astronomical." Fesharaki expressed skepticism about the effectiveness of Trump's verbal intervention (including statements about a possible end to the conflict), arguing that the "physical reality" of supply disruptions will ultimately drive prices. He stated bluntly, "As long as the Strait of Hormuz is physically closed, prices will naturally rise. Whatever Trump says politically will be of no use." (Jinshi)