Paul Tudor Jones predicts oil could rally $20-$25 amid US-Iran conflict

Summary

Hedge fund manager Paul Tudor Jones predicts that oil prices could rise an additional $20 to $25 due to the ongoing U.S.-Iran conflict. Speaking on CNBC, he expressed his bullish view on oil, which currently trades around $92.50 per barrel, and noted that a significant rally could push prices past this year's previous high of nearly $113. Jones highlighted that the conflict has raised concerns about supply disruptions, especially through the vital Strait of Hormuz, and he anticipates President Donald Trump will seek a diplomatic resolution after the U.S. midterm elections.

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$WTI

Analysis

CNBC: CNBC is a leading financial news network known for its real-time market coverage, interviews, and analysis of economic developments. It hosted Paul Tudor Jones on its Squawk Box program on October 13, 2026, where he discussed oil prices and the U.S.-Iran conflict. Paul Tudor Jones: Paul Tudor Jones is a prominent hedge fund manager and founder of Tudor Investment Corporation, recognized for his expertise in commodity trading and macroeconomic analysis. He recently appeared on CNBC's Squawk Box to express bullish views on oil prices amid the ongoing U.S.-Iran conflict. Jones anticipates that President Trump will pursue diplomatic resolutions following the U.S. midterm elections. Tudor Investment: Tudor Investment Corporation is a multi-strategy hedge fund founded by Paul Tudor Jones, with a focus on equities, commodities, and other asset classes. Jones serves as its chief investment officer and has been vocal about current market conditions, including oil markets and broader economic outlooks, in recent media appearances. Policy Outlook: President Trump is anticipated to seek diplomatic resolutions to the Middle East conflict after the U.S. midterm elections. Geopolitical Tensions: The ongoing U.S.-Iran conflict has intensified concerns over disruptions to oil supply routes, particularly through the Strait of Hormuz.

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macropolitics

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