OIL → $200.00 by Jun 17, 2026.

[https://oilprice.com/Energy/Oil-Prices/200-Oil-No-Longer-Crazy-Idea-as-Middle-East-Supply-Collapses.html](https://oilprice.com/Energy/Oil-Prices/200-Oil-No-Longer-Crazy-Idea-as-Middle-East-Supply-Collapses.html) By [Irina Slav](https://oilprice.com/contributors/Irina-Slav/) \- Mar 18, 2026, 7:00 PM CDT * Middle East oil exports and production have collapsed, removing over 7–10 million bpd from global supply and creating a severe physical shortage. * Tight supply and limited storage mean prices could surge to $150–$200+ per barrel, with some analysts warning of extreme spikes if disruptions persist. * Even if the conflict ends, recovery will be slow, and temporary relief won’t fully offset the shortage, keeping prices elevated. A …