#BrentCrude BREAKING: Oil prices may stay higher through 2026 even if the U.S. and Iran reach a deal, according to AMP's Shane Oliver.
He said shipping through the Strait of Hormuz will take time to fully normalize, keeping concerns over potential supply disruptions in the market.
Oliver expects markets to continue pricing in a geopolitical risk premium, preventing crude from returning to pre-conflict levels anytime soon.
He estimates WTI crude could end the year near $80 per barrel and Brent around $85, compared with about $67 before the conflict. Prices could rise further if Iran's nuclear dispute remains unresolved.
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