
Global oil supply: Iran may use threat of closing Strait of Hormuz as leverage only; analysts say markets remain in surplus
Despite Iran’s repeated threats to close the Strait of Hormuz, a vital chokepoint for global oil, analysts believe an actual shutdown is unlikely, viewing it ...

‘Fundamentally well supplied..’: Brent crude prices expected to average $70 in FY26 despite Israel-Iran conflict, says report
Emkay Research projects Brent crude oil prices to average $70 per barrel in fiscal year 2026. This is despite Middle East tensions. Oil markets are ...