# Iran war shock drives steepest hike yet in oil price forecasts

> A Reuters poll of 38 economists and analysts forecasts Brent averaging $82.85 a barrel in 2026, about 30% above the February forecast. U.S. crude is projected at $76.78, up from $60.38, with both benchmarks up about 60% since the conflict began on February 28.

- Date: 2026-04-01 · published 2026-04-01T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/20327-iran-war-shock-drives-steepest-hike-yet-in-oil-price-forecasts
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Analysts are repricing the crude outlook sharply higher, which supports biofuel economics and raises input costs for feed production. The survey signals that elevated energy prices are expected to persist through 2026.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-09-09 | [US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters](https://feedsoft.ai/events/17665-us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-by-reuters.md) | +17.0% | +10.2% |
| BRENT | 2020-08-11 | [EIA revises up 2020 oil price forecasts on larger forecast stock draws \| Oil & Gas Journal](https://feedsoft.ai/events/51809-eia-revises-up-2020-oil-price-forecasts-on-larger-forecast-stock-draws-oil-and.md) | +1.2% | -6.6% |
| BRENT | 2018-03-09 | [Iran war shock to flip market to deficit in 2026: analysts](https://feedsoft.ai/events/66177-iran-war-shock-to-flip-market-to-deficit-in-2026-analysts.md) | +1.0% | +4.8% |
| BRENT | 2020-12-10 | [US Energy Agency Revises up Oil Price Forecast - World-Energy](https://feedsoft.ai/events/49832-us-energy-agency-revises-up-oil-price-forecast-world-energy.md) | +4.3% | +14.2% |
| BRENT | 2018-11-01 | [Resumption of Iran sanctions adds uncertainty to crude oil and gasoline price forecasts](https://feedsoft.ai/events/62705-resumption-of-iran-sanctions-adds-uncertainty-to-crude-oil-and-gasoline-price.md) | -5.4% | -22.3% |
| WTI | 2026-09-09 | [US EIA hikes oil price forecasts as Iran war drains global stockpile By Reuters](https://feedsoft.ai/events/17665-us-eia-hikes-oil-price-forecasts-as-iran-war-drains-global-stockpile-by-reuters.md) | +13.7% | +0.1% |
| WTI | 2020-08-11 | [EIA revises up 2020 oil price forecasts on larger forecast stock draws \| Oil & Gas Journal](https://feedsoft.ai/events/51809-eia-revises-up-2020-oil-price-forecasts-on-larger-forecast-stock-draws-oil-and.md) | +2.3% | -12.2% |
| WTI | 2018-03-09 | [Iran war shock to flip market to deficit in 2026: analysts](https://feedsoft.ai/events/66177-iran-war-shock-to-flip-market-to-deficit-in-2026-analysts.md) | +1.7% | +3.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/iran-war-shock-drives-steepest-hike-yet-oil-price-forecasts-2026-03-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.