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Brent to Stay at $70/bbl in FY26 Despite Israel-Iran Conflict
The Business Guardian
|June 20, 2025
Despite recent volatility and rising conflicts between Israel and Iran, Brent crude oil prices are expected to average around USD 70 per barrel in FY26, according to a report by Emkay Research.
The report stated that the oil markets remain fundamentally well supplied, with rising production levels from both OPEC+ and non-OPEC+ countries. It said "we continue to assume Brent price at USD70/bbl for FY26. Fundamentally, oil markets are well supplied with risin
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