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Source: If the conflict in the Middle East persists, Brent crude prices could rise to $135
Svmuu News: Janiv Shah, Vice President of Oil Markets at Rystad Energy, stated that if supply disruptions in the Middle East persist for four months, the price of Brent crude could rise to $135 per barrel. The company forecasts that in a shorter crisis scenario lasting two months, oil prices would rise above $110 per barrel in April, then fall back as supplies return to normal, dropping to around $70 by year-end. Under this scenario, the average oil price in 2026 would be approximately $87 per barrel. If the conflict lasts four months, Brent crude prices would surge to about $135 per barrel in May, then decline to around $85 by year-end as market supply and demand rebalance. Shah stated, “The focus has now shifted entirely to national energy security, making current oil prices a very real threat to global stability.” (Jin Shi)
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