08 Jun 2026

07:39

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Home Blog Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August

Rystad: U.S.-Iran Re-Escalation Could Drive Oil To $180 By August

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Update date: 2026/06/01

An acute re-escalation in the U.S.-Iran conflict and a prolonged blockage of the Strait of Hormuz could drive global crude oil prices to $180 per barrel by August, Jorge León, Head of Geopolitical Analysis at Rystad Energy, has projected on CNBC’s Squawk Box Europe. According to Rystad’s León, this extreme bull-case scenario would materialize in the form of prolonged military strikes, physical damage to infrastructure or full Strait of Hormuz blockade. León says that whereas recent de-escalation talks and temporary ceasefires…

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