World oil prices are approaching $100 per barrel due to the Iran conflict

Global oil prices have surged higher again, approaching $100 a barrel, amid growing fears that the Iran conflict will drag on. At the time of writing, the price of Brent was growing by 2.32 percent, to $99.32, and at its maximum reached 99.4.

The indicator rose above $99 for the first time in a month and a half. Against this background, Goldman Sachs raised its forecast for the December price of Brent from 80 to 85 dollars per barrel. Bank analysts also noted that if attacks on tankers in the region continue, oil prices could rise to $120 per barrel.

“Overall, we believe that the escalation of tensions and ​missile exchanges ​will change the market perception of oil risks not only for the rest of ​2026, but also for a significant part of 2027,” Reuters quoted Suvro Sarkar, head of energy research at DBSBank, as saying.