Oil prices unlikely to hit $200 a barrel, US energy chief says

Oil prices unlikely to hit $200 a barrel, US energy chief says

U.S. Energy Secretary Chris Wright said on ​Thursday global oil prices are unlikely to hit $200 a barrel even as crude tankers remained stalled in the Strait of Hormuz and the U.S. and ‌Israeli war ⁠with Iran ⁠widened.

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