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Oil Price Forecast: Brent Eyes $100 After Iran Strikes U.S. Bases in Kuwait - FXEmpire
FXEmpire · September 3, 2026 · Week 2026-36
Summary
A reported Iranian military strike on U.S. bases in Kuwait is driving forecasts of Brent crude prices surging towards $100 per barrel. This event represents a severe geopolitical escalation, immediately injecting a significant risk premium into global oil markets due to the threat of a wider regional conflict.
Strategic Implication
This event dramatically increases the geopolitical risk premium on all Gulf crude exports, threatening wider conflict and potential disruption to the Strait of Hormuz.