Rabobank's RaboResearch Team has raised its 2026 Brent forecasts to $64/bbl from $58.25/bbl due to geopolitical tensions. WTI is now expected to average $59.80/bbl, up from $54.60/bbl. The report highlights the impact of geopolitical risks, particularly concerning Iran, on crude oil prices and the overall energy market.

Geopolitical risks influence oil prices

"Due to geopolitical tensions, we are raising our 2026 Brent forecasts from geopolitical tensions to $64/bbl from $58.25/bbl."

"We remain careful about hedging refined products until crude oil prices trend lower and inventories build."

"A widespread economic slowdown from surging metals prices needs to be observed, and we currently see OPEC continuing to delay any further supply returns for 2026."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)