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Oil to End Year Near $100 on Mideast Disruptions, Rapidan Says

Bloomberg Markets Friday 24 July 2026, 19:01 UTC By Mia Gindis 1 min read
Key Points

Commodities Oil to End Year Near $100 on Mideast Disruptions, Rapidan Says The breakdown of the US-Iran ceasefire threatens to leave Brent crude hovering around the $100-a-barrel mark well past July and into the end of the year, according to Rapidan Energy Group’s increased forecast. The consulting firm raised its fourth-quarter estimates on the oil benchmark to nearly $100 a barrel, up from $85, citing prolonged disruptions of trade through the Strait of Hormuz.

Commodities Oil to End Year Near $100 on Mideast Disruptions, Rapidan Says The breakdown of the US-Iran ceasefire threatens to leave Brent crude hovering around the $100-a-barrel mark well past July and into the end of the year, according to Rapidan Energy Group’s increased forecast. The consulting firm raised its fourth-quarter estimates on the oil benchmark to nearly $100 a barrel, up from $85, citing prolonged disruptions of trade through the Strait of Hormuz. The global benchmark could climb into the mid-$100 range in the coming months if lingering optimism over a peace agreement fades and the market starts to price in tightening supply fundamentals, the firm cautioned.
Mideast (LOCATION) Rapidan Says Commodities Oil to End Year (ORG) Rapidan (PERSON) US (LOCATION) Iran (LOCATION) Brent (PERSON) Rapidan Energy Group’s (ORG) the Strait of Hormuz (LOCATION)
Originally published by Bloomberg Markets Read original →

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