ANZ says if the Middle East achieves a credible diplomatic breakthrough and shipping conditions improve materially, Brent crude could fall to about $90–95/bbl. If the conflict escalates materially, Brent could rise above $120/bbl.

2026-10-30

ANZ says if the Middle East achieves a credible diplomatic breakthrough and shipping conditions improve materially, Brent crude could fall to about $90–95/bbl. If the conflict escalates materially, Brent could rise above $120/bbl.