BCA Research analyst Felix Vezina-Poirier says a surge in crude prices may prompt the US and Iran to cool the Middle East conflict, as both sides want to show strength but not trigger a wider escalation. He warns oil risks breaching a $70-$90 per barrel "dynamic equilibrium" range, but says such a spike would itself trigger a de-escalation mechanism.

2026-07-14

BCA Research analyst Felix Vezina-Poirier says a surge in crude prices may prompt the US and Iran to cool the Middle East conflict, as both sides want to show strength but not trigger a wider escalation. He warns oil risks breaching a $70-$90 per barrel "dynamic equilibrium" range, but says such a spike would itself trigger a de-escalation mechanism.