Institution: If the Middle East conflict continues, Brent crude oil prices may rise to $135

SmartContractAuditor · 2026-03-09T17:14:04+00:00

Rystad Energy Vice President Janiv Shah stated that if Middle Eastern supply disruptions last for four months, Brent crude oil prices could rise to $135. If they only last for two months, prices will fall back to $70 after surpassing $110 in April. The current situation makes oil prices a major threat to global stability.

SmartContractAuditor

2026-03-09 17:14:04

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Odaily Planet Daily reports that Janiv Shah, Vice President of Oil Markets at Rystad Energy, stated that if supply disruptions in the Middle East continue for four months, Brent crude oil prices could rise to $135 per barrel. The company predicts that in a shorter crisis scenario lasting two months, oil prices will rise above $110 per barrel in April, then fall back as supply normalizes, reaching about $70 by the end of the year. Under this scenario, the average oil price in 2026 would be approximately $87 per barrel. If the war lasts four months, Brent prices will surge to about $135 per barrel in May, then decline to around $85 by the end of the year as market supply and demand re-balance. Shah said, “The current focus has completely shifted to national energy security, making current oil prices a very real threat to global stability.” (Jin10)

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