Oil Prices Surge 3.7% as U.S.-Iran Standoff Triggers Higher 2026 Forecasts

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Oil prices have surged 3.7% due to rising geopolitical tensions between the U.S. and Iran, leading economists and analysts to increase their 2026 forecasts by $1.50 per barrel.

Market Impact

Market impact analysis based on bullish sentiment with 85% confidence.

Sentiment
Bullish
AI Confidence
85%
Time Horizon
Short Term

Article Context

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Economists and oil market analysts have hiked their oil price forecasts for 2026 amid rising geopolitical tensions and heightened war premium due to the U.S.-Iran standoff. Both crude oil benchmarks are now expected to average above $60 per barrel this year, with price forecasts higher by about $1.50 per barrel compared to a month ago, the monthly Reuters poll showed on Friday. Despite ongoing concerns about an oversupplied market, the 34 analysts and economists surveyed by Reuters in February raised their projections in view of uncertainties…

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Original article published by OilPrice.com on February 27, 2026.
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