Barclays: Brent Crude Oil Forecast for 2026 Faces Upward Risk Amid Uncertainty in Iran Conflict

Barclays has indicated that despite the ongoing uncertainty surrounding the duration of the conflict in Iran, the risk to its Brent crude oil forecast for 2026 remains skewed to the upside. According to Jin10, the financial institution maintains its prediction of $85 per barrel for Brent crude oil in 2026. The geopolitical tensions in Iran are contributing to potential upward pressure on oil prices, as market participants closely monitor developments in the region. Barclays' analysis suggests that the conflict could lead to disruptions in oil supply, thereby influencing global oil markets. The bank's forecast reflects a cautious approach, taking into account the complex dynamics of geopolitical events and their impact on energy prices.