Oil could hit $200 a barrel, says David Coombs

Coombs, head of multi-asset investments at Rathbone Unit Trust Management, said if current political tensions over Iran's nuclear programme escalate then the price of 'black gold' could surge to $200 a barrel. "If Iran blocks the straits of Hormuz, I see oil possibly going to $200 and then down again," said Coombs. "It would be a short-lived but significant event which could see equities go down by perhaps 20%." He added if the flash crash plays out it will create buying opportunities in sectors such as emerging markets.  The price of oil has been increasing recently on the back of...