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US-Iran war could push Brent above $100 per barrel

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US-Iran war could push Brent above $100 per barrel
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2 March 2026 11:03 AM IST

New Delhi: Brent crude could climb above $90 per barrel with Strait of Hormuz disruption or exceed $100 per barrel in a broader regional conflict, a report said on Sunday. JM Financial Institutional Securities said the crude has climbed to about $72.8 per barrel and limited retaliation could add $5–10 per barrel, while direct damage to Iranian oil infra could add $10–12 per barrel.

Brent crude Strait of Hormuz disruption $90 per barrel $100 per barrel regional conflict JM Financial Institutional Securities crude price surge $72.8 per barrel limited retaliation impact Iranian oil infrastructure damage global oil markets energy prices geopolitical tensions Middle East crisis oil supply risk commodity market outlook 
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