That's why, even before Saturday's strikes, the market was anticipating a quota increase of 137,000 barrels per day. "These relatively high prices are a good incentive for OPEC+ to resume its production increases" from April, Kpler analyst Homayoun Falakshahi told AFP. The conflict could certainly severely disrupt global oil supplies and send barrel prices soaring to a level not seen in years. "That said, even if strikes remain limited, we think Brent crude oil prices might rise to about $80pb (around their peak during the 12-day war in June 2025), from $73pb yesterday", wrote William Jackson, chief emerging markets economist at Capital Economics. "That could cause oil prices to jump, perhaps to around $100pb," said Jackson.

Source: Bangladesh Sangbad Sangstha March 01, 2026 09:34 UTC