Analysts predict higher oil prices due to rising tensions between the US and Iran. The U.S.-Iran standoff is driving up geopolitical risk premium, which has already added $4-$10 per barrel to oil prices. Brent Crude and WTI Crude are expected to average above $60 per barrel this year, with price forecasts increased by about $1.50 per barrel compared to a month ago. This comes as experts weigh the uncertainty of how the crisis will unfold in the coming weeks and months.
Source: https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Surge-3-as-US-Iran-Standoff-Triggers-Higher-2026-Forecasts.html