Glickman: $100 Crude Oil 'Speed Bump' to Steeper Prices if U.S-Iran War Worsens

"$90 a barrel is tolerable for the global economy," says Stewart Glickman when referring to crude oil prices, though he believes consistency above $100 will create substantial pressure. He adds that even current prices aren't sustainable long-term. Stewart points to attacks on Saudi oil infrastructure as a significant headwinds to restoring previous trading volume through the Strait of Hormuz. He makes the case that heightened crude prices will opened a trap door for a recession.

Market On Close

08 Sep 2026

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