‘Fundamentally well supplied..’: Brent crude prices expected to average $70 in FY26 despite Israel-Iran conflict, says report

Emkay Research projects Brent crude oil prices to average $70 per barrel in fiscal year 2026. This is despite Middle East tensions. Oil markets are well supplied. Production is rising from OPEC+ and non-OPEC+ nations. A ceasefire could lower prices. Gas markets could face pressure. Risks of escalation remain real. The Strait of Hormuz closure could surge global prices.

Jun 19, 2025 1

‘Fundamentally well supplied..’: Brent crude prices expected to average $70 in FY26 despite Israel-Iran conflict, says report
Emkay Research projects Brent crude oil prices to average $70 per barrel in fiscal year 2026. This is despite Middle East tensions. Oil markets are well supplied. Production is rising from OPEC+ and non-OPEC+ nations. A ceasefire could lower prices. Gas markets could face pressure. Risks of escalation remain real. The Strait of Hormuz closure could surge global prices.
Read More