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Fesharaki: US-Iran Conflict May Push Oil to $75-90 Range

Bloomberg Markets
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A prominent energy analyst warns that a direct US-Iran military conflict could trigger a sharp oil price surge to $75–$90 per barrel, citing potential supply chain disruptions. The projection, made in February 2026, hinges on the severity of export interruptions from the Strait of Hormuz, a critical chokepoint for global oil shipments. Fereidun Fesharaki, Chairman Emeritus of FGE NexantECA, emphasized that even limited hostilities could destabilize markets, given Iran’s strategic role in Middle Eastern oil flows. The warning follows escalating tensions, with analysts monitoring US sanctions and Iranian retaliatory measures that may further strain global energy security. Such a price spike would mark a significant departure from current levels, risking broader economic repercussions amid already volatile geopolitical conditions.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Feb 23rd, 2026Fesharaki: US-Iran Conflict May Push Oil to $75-90 RangeFGE NexantECA Chairman Emeritus Fereidun Fesharaki believes an open conflict between the US and Iran could push prices into the $75-$90 per barrel range, depending on export disruptions. He speaks with Haslinda Amin on "Insight with Haslinda Amin."Duration:9:43Duration:0:56Duration:9:29Duration:3:28

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