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Oil Analysts See Brent Rising to as Much as $150 a Barrel
Barclays wrote in a research note Monday that benchmark Brent crude oil “could definitely test $120” per barrel if the fighting continues for a few more weeks.
Capital Economics said Brent could rise to $150 a barrel in mid-2026, before subsiding to $130, in a worst-case scenario where the conflict causes extensive damage to Middle East energy infrastructure as well as transit disruptions.
Rystad Energy said Brent could spike up to $135 a barrel if the conflict lasts four months.
Macquarie said in a note Friday that “a few weeks of Hormuz closure will create a domino effect of events that could push crude to $150 or higher.”
Goldman Sachs said Friday that it would revisit its oil-price forecast soon if flows through the Strait of Hormuz didn’t normalize. The bank had previously said Brent would average $76 a barrel during the second quarter of 2026.