🇺🇸🇮🇷 The next Iran war could send oil to $150
The world survived the first energy shock by burning through inventories while China slashed imports.
That cushion is largely gone.
El-Erian warns that another disruption to Hormuz and the Red Sea could push oil toward $150, just as borrowing costs remain painfully high.
And the scary part? Nobody knows what breaks first.
In 2022, Britain's pension system nearly collapsed. Almost nobody saw it coming.
This time, an energy crisis could become a financial crisis before anyone realizes where the weak spot is.
@elerianm
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