News & Macrohigh confidence
Oil industry braces for prolonged US-Iran conflict and sustained high prices
oilprice.com · September 13, 2026 · Week 2026-37
Summary
Oil traders and producers are preparing for a prolonged conflict between the US and Iran, anticipating sustained supply disruptions from the Persian Gulf. Sentiment from the Asia Pacific Petroleum Conference (APPEC) suggests little hope for a quick resolution, pushing Brent crude above $100 and increasing physical market premiums as geopolitical risks escalate.
Strategic Implication
Heightened risk of conflict in the Persian Gulf threatens the Strait of Hormuz, creating extreme price volatility and supply insecurity for all GCC oil exporters.