Institutions: If Middle East Conflict Persists, Brent Crude Price Could Rise to $135 per Barrel

Odaily News Rystad Energy's Vice President of Oil Markets, Janiv Shah, stated that if supply disruptions in the Middle East persist for four months, the price of Brent crude oil could rise to $135 per barrel. The company predicts that in a shorter crisis scenario lasting two months, oil prices will climb above $110 per barrel in April, subsequently declining as supply normalizes, dropping to around $70 per barrel by year-end. Under this scenario, the average oil price in 2026 would be approximately $87 per barrel. If the war persists for four months, Brent crude prices will surge to around $135 per barrel in May, then retreat to about $85 per barrel by year-end as market supply and demand rebalance. Shah said: "The current focus has completely shifted to national energy security, making the current oil price a very real threat to global stability." (Jin10)