Oil prices may hit $200 a barrel as demand remains strong despite supply disruptions.

Global oil prices have surged about 80% this year, yet demand for crude remains robust worldwide. This strong demand persists despite significant supply disruptions caused by the Iran war. According to Josh Young of Bison Insights, these factors make it difficult to rule out oil prices reaching $200 a barrel, which could lead to a major drop in demand. Investors should watch how supply and demand dynamics evolve amid geopolitical tensions.