Key Insights
The Middle East conflict has led to the largest oil supply shock on record, with an initial reduction of about 10 million barrels per day.
Brent oil prices are forecasted to average $86 per barrel in 2026, up from $69 in 2025.
Fertilizer prices are projected to increase by 31% in 2026, driven by a 60% jump in urea prices.
AI Analysis
The ongoing Middle East conflict is expected to keep energy prices elevated, with Brent oil prices averaging $86 per barrel in 2026, up from $69 in 20...
Market Outlook
Short-Term
In the short term, the conflict is expected to keep energy prices elevated, with Brent oil prices averaging $86 per barrel in 2026, up from $69 in 2025. This surge is likely to increase inflation and dampen global growth, particularly affecting developing economies.
Long-Term
Recent News
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