Cathie Wood-led ARK Invest Says Oil Could Crash to $30-$35 Once Strait of Hormuz Reopens As Trump Touts Positive Iran Talks
Cathie Wood -led investment firm ARK Invest expects oil prices to drop significantly despite uncertainty over the Strait of Hormuz and U.S.-Iran tensions, citing falling demand for oil as transportation transitions to the power grid. Oil Prices Could Drop to $30-$35 Per Barrel in the Future In an investor release by AR