•Mukesh Sahdev, Founder and CEO of X-Analysts, believes crude oil prices will not exceed $100 a barrel despite the Strait of Hormuz shutdown and West Asia escalation.
•Markets have largely priced in geopolitical risks; current Hormuz disruption is seen as temporary, not a full closure.
•A significant amount of oil moved out of the region before the disruption, and Iran was pumping 2 million barrels daily through Hormuz recently.
•OPEC+ announced a voluntary production increase of 200,000 barrels per day to stabilize markets, signaling intent to cap prices.
•India's position is better due to energy engagements with Europe and the US, potentially benefiting from Iranian and Venezuelan crude if China is restricted.
