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Paul Tudor Jones is bullish on oil, says it could rally another $20-$25 because of Iran conflict

Jones said a $20 to $25 oil rally could lift U.S. crude above its 2026 high and add pressure to stocks.

Summary
Hedge fund manager and notable commodity trader Paul Tudor Jones says oil is set to take another leg higher because of the U.S.-Iran conflict. “I am long oil... bullish oil...I think it can rally another $20 or $25 bucks,” said Tudor Jones, founder and chief investment officer of Tudor Investment, on CNBC’s “Squawk Box.” “If something to ameliorate the situation was going to happen, it would have happened already before the midterms.”

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Paul Tudor Jones is bullish on oil, says it could rally another $20-$25 because of Iran conflict

·Englewood Cliffs, United States
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Paul Tudor Jones Says Oil Prices Could Rise Another $20 to $25

The Tudor Investment founder and chief investment officer warned that equities would react negatively to a sharp oil-price increase and that corporate issuance could compete with sovereign debt.

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Paul Tudor Jones Sees Another US$20 to US$25 Oil Surge Due to Conflict with Iran

Paul Tudor Jones argues that U.S. crude oil could cost another $20 to $25 if the U.S.-Iran conflict remains unresolved before the mid-term elections. A rise of that size, he warned, would test the stock market and could bring the WTI above its closing peak of 2026.

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CNBC broke the news in Englewood Cliffs, United States on Tuesday, October 13, 2026.
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