RBC: If the conflict in Iran continues for a long time, oil prices may rise to $100 per barrel.

On March 2nd, the investment banking department of the Royal Bank of Canada reported that in the event of prolonged conflict, oil prices are expected to reach $100 per barrel. The report stated that without a feasible plan to incentivize shipping companies and insurers to arrange for oil tankers to pass through the strait, the lack of secure alternative export routes could result in most of the energy exports from the Middle East becoming "stranded assets." The report mentioned that the ultimate price trend will depend on the duration and extent of disruptions caused by the conflict, but Iran's drone capabilities and missile stockpiles suggest that market participants may need to prepare for chain disruptions.