---
title: "Exxon warns oil shock far from fully priced in"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287011060.md"
description: "Exxon warns that the oil market is not fully accounting for the ongoing crisis in the Strait of Hormuz, which has disrupted 20% of global oil flows and pushed Brent crude prices above $112 per barrel. With strategic reserves depleting, analysts fear prices could soar to $200 if Middle East tensions escalate."
datetime: "2026-05-20T05:39:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287011060.md)
  - [en](https://longbridge.com/en/news/287011060.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287011060.md)
---

# Exxon warns oil shock far from fully priced in

Crisis in Hormuz: Closure of the Strait of Hormuz has disrupted 20% of global oil flows, driving Brent crude above $112 per barrel. Reserves running low: Strategic and commercial oil reserves are being rapidly depleted, removing a key buffer against further price spikes. Worst-case fears: Analysts see potential for oil to hit $200 if Middle East hostilities escalate and infrastructure suffers lasting damage.

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