Energy Research Institution: If Middle East Conflict Persists, Oil Prices Could Surge Towards $150

According to Odaily, Claudio Galimberti, Chief Economist at Rystad Energy, an independent energy research and business intelligence firm, stated that if the conflict in the Middle East continues, international oil prices could rise to $150 per barrel in the coming months.

He pointed out that global crude oil inventories are currently at low levels and warned that if the conflict remains unresolved and supply does not increase, inventories will continue to decline, further pushing up prices. He said: "Under current circumstances, unless we resolve (the Middle East conflict), unless we start to see an increase in supply flow, inventories will keep falling, which means prices will keep rising."

As of June 9, 2026, Brent crude oil was priced at approximately $92 per barrel, and WTI crude oil was around $90 per barrel. (Jinshi Data)