The current market remains highly sensitive to developments in the Iran-Israel conflict, with prices fluctuating in response to changes in the situation.1. Can Oil Prices Continue to Surge?Oil prices are a leading indicator of inflation and play a pivotal role in shaping sentiment across the commodities market. As long as oil is not already at an exceptionally high level, a sharp increase in oil prices will inevitably raise concerns about rising production costs, which in turn are passed on to other commodities. At present, unless Iran completely abandons its nuclear ambitions, any easing of the conflict will be gradual, making oil prices more likely to rise than fall.A critical factor is Iran’s control over the Strait of Hormuz. Should Iran implement a blockade, it would deal a severe blo
Iran-Israel Tensions: Will Oil Rebound or Hit New Low?
The sharp drop in oil prices has also led major Wall Street banks to lower their target prices. Goldman Sachs predicted an average oil price of $76 per barrel in 2025. The bank’s analysts noted that geopolitical risk premiums are limited, with no significant impact currently on Iran's supply facilities. Citigroup also adjusted its Brent crude oil price forecast for Q4, lowering it from the previous $74 per barrel to $70 per barrel. ----------------- Will oil hit new low? Or time to rebound?
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