Warnings of Historic Oil Spike Toward $150 as 1 Billion Barrels Lost Due to Hormuz Closure

 A Bloomberg report revealed today, Saturday, April 25, 2026, severe disruptions hitting global energy markets, with estimates indicating a loss of approximately one billion barrels of supply due to the closure of the Strait of Hormuz. The report warned that a continued 12-week closure could push Brent crude prices past the $154 per barrel threshold, amid extreme scenarios where prices could hit $250. The erosion of global strategic reserves, with 400 million barrels already withdrawn, has increased economic fragility, leading to the cancellation of thousands of flights and slowing global growth across Europe and Asia.