RE: Kharg Island & Fujaira Hit. Brent Gapping Up Monday15 Mar 2026 11:48
Brent gapping up on open./ Should see $105-$110-bbl & climbing
Reserves gonna take time to build back up and supply side still restricted
Forward Outlook
The U.S. Energy Information Administration (EIA) updated its forecast this week, now predicting that Brent will remain above $95/b through April. However, if the conflict remains "contained" to targeted military infrastructure rather than energy production, analysts expect prices to regress toward the $80 range by the third quarter of 2026
So Brent bullish for a while yet