The Economic Times

Global Market | Oil Shockwave: Iran conflict triggers record surge in 2026 price forecasts

The Iran conflict has triggered an unprecedented shock in global oil markets, disrupting critical supply routes and production. Analysts have sharply raised 2026 price forecasts, with Brent crude now projected to average $82.85 per barrel, a nearly 30% increase from February. Disruptions in the Strait of Hormuz are the primary driver, forcing output cuts and exacerbating shortages.