Oil could top $150 a barrel if supplies tighten further, Bank of America warns
Brent crude oil prices may exceed $150 a barrel if war disruptions in Iran persist and supplies tighten further, according to Bank of America. The firm has raised its second-half forecast for Brent oil due to geopolitical tensions and mounting supply risks. Other financial institutions and agencies signal volatility; Barclays suggests prices could climb 50% before the market balances, while the Energy Information Administration expects a supply crunch in 2026 followed by a glut in 2027.
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- ✓ Bank of America warns Brent crude oil could top $150 a barrel if Iran war disruptions persist.
- ✓ Bank of America raised its second-half Brent oil forecast amid geopolitical tensions.
What changed
Bank of America increased its second-half Brent oil forecast citing Iranian war risks.
Live updates
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Bank of America warns Brent crude could top $150 per barrel
Brent crude oil prices may exceed $150 a barrel if war disruptions in Iran persist and supplies tighten further, according to Bank of America. The firm has raised its second-half forecast for Brent oil due to geopolitical tensions and mounting supply risks. Other financial institutions and agencies signal volatility; Barclays suggests prices could climb 50% before the market balances, while the Energy Information Administration expects a supply crunch in 2026 followed by a glut in 2027.
Why it matters
Energy markets are reacting to geopolitical instability in the Middle East. These projections highlight the sensitivity of global fuel costs to regional conflict and long-term production cycles.
What is confirmed
- Bank of America warns Brent crude oil could top $150 a barrel if Iran war disruptions persist.
- Bank of America raised its second-half Brent oil forecast amid geopolitical tensions.
Still unconfirmed
- The EIA expects a larger oil crunch in 2026 and a glut in 2027.
What to watch next
- Changes in Iranian oil export volumes
- Updated EIA reports on 2026 supply levels
- Further revisions to Brent forecasts from major investment banks
confidence 90%Sources used for this update (7)
- MarketWatch — Oil could top $150 a barrel if supplies tighten further, Bank of America warns
- CNBC — Bank of America says Brent crude oil could top $150 a barrel if Iran war disruptions persist
- qz.com — Bank of America warned oil could hit $150 a barrel as Iran war supply risks mount
- Rigzone — EIA Now Sees Bigger Oil Crunch in 2026, Glut in 2027
- Moomoo — Barclays: Oil prices could rise 50% before the market returns to balance
- news.by — What’s the Catch? The world stands on the brink of a fuel crisis — $150 a barrel is almost a reality
- Oil & Gas 360 — BofA lifts second-half Brent oil forecast amid ongoing geopolitical tensions
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