OIL AT $125 WOULD FORCE A GLOBAL RESET Seth Carpenter of Morgan Stanley says oil above $125 per barrel would trigger a structural shift in the market, forcing demand destruction as supply tightens. He outlined three possible paths: 🔸 $65–70 if prices retreat 🔸 Around $100 if the market stabilizes 🔸 $125–140 if disruptions occur in the Strait of Hormuz Carpenter said the U.S. economy could handle $100 oil, but higher gasoline prices would strain lower-income consumers and push inflation higher. He also warned that wider supply chain disruptions could lead to actual shortages, highlighting the difference between higher prices and oil being physically unavailable.