The operations of the US and Israel against Iran, as well as Tehran's retaliatory attacks, have increased tension in the global energy markets. The decision of the OPEC+ group to raise production quotas to maintain market stability has not completely alleviated supply concerns.
According to Demokrat.az, well-known experts have voiced different forecasts regarding the future of oil.
Helima Croft, a representative of RBC Capital Markets, stated that the market reserve forces are very limited, and if the tension continues, the price of Brent crude oil could exceed $100. Tamas Varga emphasized that the market is currently dominated entirely by fear and uncertainty, and that prices will depend on military developments. Jeff Currie noted that claims about "excess supply" are unfounded, and that conditions have been created for a sharp price increase.
Possible disruptions in the Strait of Hormuz are seen as the greatest risk factor. Experts like Ali Vaiz and Muy Shu argue that even a short-term closure of this strait would stimulate global inflation and could raise prices up to $150. Other analysts predict that in the coming days, Brent oil will be tested in the $75-$90 range. According to some forecasts, if Iran’s exports are completely removed from the market, prices could average $91 by the end of 2026.