politics

UK Government Predicts Oil Prices May Reach $100 Until 2028 Amid Iran Concerns

5 Haziran 2026Bloomberg

The UK government has updated its oil price forecasts, predicting that crude oil prices could remain around $100 per barrel until 2028. This outlook persists despite the potential for a US-Iran peace deal, as the recovery of energy flows from the Gulf is anticipated to be prolonged.
The revision reflects growing concerns over geopolitical tensions and their impact on oil supply.
The forecast comes amid ongoing tensions between the US and Iran, which have historically influenced oil prices. A potential peace deal could alleviate some pressures, but the UK government believes that the overall recovery of oil supply from the Gulf will be slower than previously anticipated.
The upward revision of oil price forecasts by the UK government highlights the increasing uncertainty in global energy markets, particularly in relation to Middle Eastern geopolitics. The assumption that prices will remain elevated until 2028 suggests a structural shift in supply dynamics, potentially driven by prol…

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This article reflects the views and forecasts of the UK government and is subject to change based on evolving geopolitical circumstances.

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