Clayton Seigle
Crude oil prices have fluctuated in recent days along with headlines about potential military strikes against Iran, as a second round of indirect talks between U.S. and Iranian representatives concluded on February 17 without resolving underlying disputes. While international benchmark Brent crude prices fell toward $67 on February 17, markets are still showing increased risk against the U.S. Energy Information Administration’s predicted $58 Brent average for 2026.
President Donald Trump has hinted at potential military strikes unless Iran agrees to fully abandon nuclear enrichment, accept strict limits on missile capabilities, and halt support for regional proxy groups. This analysis assesses the risk of oil supply disruptions that could result from a new conflagration in the Middle East Gulf region.
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