Paul Tudor Jones is bullish on oil, says it could rally another $20-$25 because of Iran conflict

{ "title": "Paul Tudor Jones Predicts $20-$25 Oil Rally Amid Iran Conflict", "summary": "Paul Tudor Jones, founder of Tudor Investment, expressed his bullish stance on oil, anticipating a possible rally of another $20-$25. He attributes this potential increase to the ongoing U.S.-Iran conflict, suggesting that oil prices could surpass $113 per barrel, the previous high for 2026. Current Western Texas Intermediate crude futures are trading at about $92.50 as per Tuesday morning's assessment, marking a significant gap to the target price range suggested by Jones."

, "Tudor Jones noted that if oil were to rally as predicted, the equity market would likely face significant challenges. This comes against the backdrop of the S&P 500's previous response to rising oil prices during the early stages of the U.S.-Iran war when it fell just over 7%. Despite current market resilience, ongoing conflict and uncertainty, particularly concerning the Strait of Hormuz, continue to impact oil prices, which are now nearing $106 per barrel."