Brent crude oil prices rise due to Iran-Israel tensions, with potential for further increases

From Financial Modeling Prep: 2025-06-24 07:25:00

Brent crude nears $80/bbl due to Iran-Israel tensions, with Goldman Sachs predicting $110/bbl in disruption scenarios. Geopolitical cases include a 1.75 mbpd export cut and prolonged Strait of Hormuz impact. Natural gas markets also feel pressure, with TTF approaching €74/MWh. Major powers have incentives to maintain Hormuz flow.

Global actors have reasons to intervene in the Strait of Hormuz due to its significance in global oil trade. Stay updated on real-time oil prices with the Financial Modeling Prep Commodities Data API. Investors should monitor geopolitical news, consider dip-buy strategies at $75-$78/bbl, and diversify energy exposure to hedge volatility.



Read more at Financial Modeling Prep:: Brent Crude Oil Price Rises Near $80 Amid Iran Ten…