Macquarie: Two More Months of War Could Send Oil to $200

Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter, analysts at Macquarie Group have warned. The odds of the Iran war dragging on until June were put at 40% by the analysts in a note carried by Bloomberg. But the scenario of the war ending by the end of March currently appears more plausible, with odds at 60%, according to Macquarie. “If the strait were to stay closed for an extended period, prices would need to move high enough to destroy an historically…