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ANZ Raises Oil Price Forecast as Market Tightens on Iran War

Bloomberg Markets Friday 30 October 2026, 02:18 UTC By Weilun Soon 1 min read
Key Points

Energy ANZ Raises Oil Price Forecast as Market Tightens on Iran War Oil-market balances are now more fragile than at the start of the Middle East conflict, and any flareup after the US midterm elections will push prices higher, according to ANZ Group Holdings Ltd. The bank now expects Brent to end the year at $105 a barrel, up from its previous $95 projection, assuming there’s not another escalation in Middle East hostilities, strategists including Daniel Hynes and Soni Kumari said in a...

Energy ANZ Raises Oil Price Forecast as Market Tightens on Iran War Oil-market balances are now more fragile than at the start of the Middle East conflict, and any flareup after the US midterm elections will push prices higher, according to ANZ Group Holdings Ltd. The bank now expects Brent to end the year at $105 a barrel, up from its previous $95 projection, assuming there’s not another escalation in Middle East hostilities, strategists including Daniel Hynes and Soni Kumari said in a Friday note
ANZ (ORG) Market Tightens (ORG) Iran War Energy (EVENT) Iran War Oil (EVENT) the Middle East (LOCATION) US (LOCATION) ANZ Group Holdings Ltd. (ORG) Brent (PERSON) Middle East (LOCATION) Daniel Hynes (PERSON) Soni Kumari (PERSON)
Originally published by Bloomberg Markets Read original →

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