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EIA raises oil price forecasts as Iran war tightens global markets

Economic Times 7 October 2026 at 08:28 am 1 min read 8 views Read Original
EIA raises oil price forecasts as Iran war tightens global markets

The EIA raised its oil price forecasts, citing tight global inventories, limited diesel supplies and ongoing Middle East supply risks. Brent crude is expected to average $105 per barrel in Q4 2026 and $84 in 2027. Recovering Gulf exports and record U.S. production may ease supply pressures next year, though geopolitical risks remain.

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