Rory Johnston on Why His $200 Oil Prediction Didn't Turn Out Right
Bloomberg 2026-06-26 08:00:15
Context: The Iran War provided a crucial test for oil market predictions, particularly those made by Rory Johnston, who had forecast that oil prices would reach $200 per barrel. The conflict had significant implications for global oil supplies and prices. Despite the tensions, oil prices did not surge to the predicted levels.
Key Facts
- Rory Johnston had made a prediction that oil prices would reach $200 per barrel in the context of the Iran War, but this forecast did not ultimately materialize.
- The Iran War presented a critical scenario for testing the resilience and responsiveness of the global oil market to geopolitical disruptions.