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Oil price forecasts rise amid prolonged Iran conflict

Analysts raised the 2026 Brent crude forecast to 86.38 dollars per barrel amid the Iran war. Supply deficits are expected as the Strait of Hormuz remains closed.

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Analysts raised 2026 Brent Crude Oil forecasts to $86.38 per barrel as prolonged conflict in Iran disrupts global energy supplies. This marks the second forecast hike since February, with spot prices reaching a four-year high above $120 per barrel. Investors face a market flipping into supply deficit while the United Arab Emirates exits the OPEC+ alliance.

Supply Shocks and the Strait of Hormuz
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