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Brent Crude Could Hit $100/Barrel if Middle East Tensions Escalate, Analyst Says

2026-07-23 03:49:10

According to Priyanka Sachdeva, an analyst at Phillip Nova, on July 23, Brent crude oil prices could surge to $100 per barrel if regional tensions continue to escalate. While current market pressures stem mainly from logistics disruptions rather than actual crude losses, sustained attacks could narrow this distinction, Sachdeva noted. The biggest risk to energy markets would be simultaneous prolonged traffic halts in the Strait of Mandeb and Strait of Hormuz, which could rapidly evolve into broader inflation issues.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Lucas Bennett07-22 00:33

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