Oil prices to stay elevated across Iran war scenarios
Reuters·2026-03-27 17:08
March 27 (Reuters) - Oil prices could surge well beyond current levels as the Iran war unfolds, analysts polled by Reuters said, as the effective closure of the Strait of Hormuz and attacks on Middle Eastern production facilities cut deeply into global supplies, with no clear picture on when flows will resume. Brent futures have surged by more than 50% since the war began, and briefly topped $119 a barrel last week, after Iran attacked energy targets across the Middle East and threatened vessels attempting ...