Prospect of prolonged Iran war disruption drives oil forecasts higher

Analysts have raised oil price forecasts for a second time since the Iran war began in late February, reflecting expectations for prolonged disruption in energy markets. The Reuters poll points to higher crude price assumptions as geopolitical risk keeps the market on edge. The update is supportive for oil prices and energy-linked assets, but the impact is primarily forecast-driven rather than an immediate market event.

Analysis

Analysts have raised oil price forecasts for a second time since the Iran war began in late February, reflecting expectations for prolonged disruption in energy markets. The Reuters poll points to higher crude price assumptions as geopolitical risk keeps the market on edge. The update is supportive for oil prices and energy-linked assets, but the impact is primarily forecast-driven rather than an immediate market event.