Macquarie Group Ltd. projects oil prices could surge to a record $200 per barrel if the conflict with Iran persists through June while the Strait of Hormuz remains closed. This dramatic price forecast reflects market concerns about potential supply disruptions in a critical global shipping lane. The Australian investment bank's warning comes amid escalating tensions in the Middle East that threaten oil markets.

The Strait of Hormuz handles approximately one-fifth of global oil consumption, making its closure a serious concern for energy markets. Macquarie analysts suggest prolonged conflict could create unprecedented supply shortages, forcing prices to historic levels. Energy companies and consumers worldwide would face substantial financial pressure under such a scenario.

Oil markets have already responded to regional tensions with increased volatility. Macquarie's forecast represents one of the more extreme predictions among analysts, yet highlights the vulnerability of global energy infrastructure to geopolitical conflicts. The $200 price target assumes neither diplomatic intervention nor alternative supply routes emerge before June.