Lates News

date
25/05/2026
Shane Oliver, Chief Economist of Australian wealth management company AMP, stated that even if the US and Iran reach an agreement, global oil prices are unlikely to return to pre-conflict levels this year. He pointed out that it will take some time for ships to pass through the Strait of Hormuz again, and the market may factor in higher risk premiums to deal with potential future supply disruptions. The trading price of WTI crude oil before the conflict was around $67 per barrel. Oliver estimates that taking into account additional risk premiums, WTI crude oil may be around $80 per barrel by the end of the year, and Brent crude oil may be around $85 per barrel by then. "If the nuclear issue is not resolved, oil prices will be even higher," he said.