EIA raises oil price forecasts amid Iran war impact
after close1 source ↓machine-written, see hownot a recommendation
- in Q4 2026
- $105 per barrel
- from prior estimates
- $14
- in October
- $6 per gallon
The US Energy Information Administration (EIA) has raised its 2026 and 2027 oil price forecasts, citing tight diesel markets and disruptions to Middle East oil flows due to the ongoing Iran war. Brent crude is now projected to average $105 per barrel in Q4 2026, up $14 from prior estimates.
Tight diesel availability is pushing refiners to maximize output, increasing crude demand and further elevating prices. US retail diesel prices are expected to remain above $6 per gallon in October before easing in 2027.
Not investment advice. For informational purposes only.