Washington Stress-Tests $200 Oil as War Risk Mounts

The U.S. federal government is modeling a scenario with crude oil at $200 per barrel to see what the potential fallout of such a price surge would be for the U.S. economy. The news, reported by Bloomberg and coming from unnamed officials, comes on top of contradictory messaging from the Trump administration, with the latest signals pointing towards a push for a ceasefire. Analysts started talking about the potential rise of Brent crude all the way to $200 earlier in March when it became clear the Iran war was not going to be over in a few days.…