Macgregor predicts oil at $150 ‘within weeks’ and $200 in months

What was said

"Well, the world economic situation is continuing to deteriorate very rapidly. I think we're going to be at $150 a barrel very shortly within the next few weeks, probably 200 in a couple of months or more."

Douglas Macgregor predicts a sharp near-term rise in oil prices, tying it to intensifying conflict involving the US, Iran and Israel and to wider disruption around the Persian Gulf. He argues the knock-on effects would be broad—beyond petrol and diesel—contributing to a global downturn and undermining investor confidence in rebuilding or infrastructure projects in the region.