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The US Energy Information Administration said in its monthly Short-Term Energy Outlook that Brent prices will trade above $95 a barrel over the next two months because of the Iran war. The agency forecast prices falling to around $70 by year-end as Mideast output declines, with Strait of Hormuz shipments largely blocked.
A government forecast of sustained high crude prices supports biofuel demand and raises input and freight costs across feed supply chains. The expected decline toward $70 later in the year suggests the premium may fade if supply recovers.
reuters.comGeorgina MccartneyMar 10, 2026After 116 past bullish report events, BRENT moved a median +1.3% over 5 sessions (66% higher; middle half -1.0% to +3.1%), and +2.0% over 20.
After 131 past bullish report events, WTI moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
