High Oil Prices Due to the Middle East Crisis
March 3, 2026
Oil prices remain high due to the escalating crisis in the Middle East. The conflict between the USA and Israel heightens fears of disruptions in the global supply. Brent crude prices are currently at $78.83, with analysts predicting sustained increases. Estimates for 2026 suggest a rise in Brent prices to $80, with potential for $120-150 if the war continues.