Bloomberg
US · 1 hrs ago
✦ 78◉ Centre
UK Sees Risk of $100 Oil Until 2028 in Worsening Iran Outlook
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Quality 78/100
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◉ Centre ✓ Fair headline
The UK government has raised its oil price forecasts, predicting crude could remain around $100 per barrel until 2028 due to expected delays in energy recovery from the Gulf region, even if US-Iran relations improve.
UK Sees Risk of $100 Oil Until 2028 in Worsening Iran Outlook
The UK government has revised its internal oil price forecasts upwards, assessing that crude could stay around $100 a barrel until 2028 even with a US-Iran peace deal because energy flows from the Gulf are now expected to take longer to recover.
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