Oil Prices Expected to Drop After Middle East Conflict Ends, Analyst Says.

Oil Price Outlook

According to Novyny.live: Energy sector analyst Serhiy Kuyun anticipates a decline in oil prices once hostilities in the Middle East subside, particularly in Iran, where plans to boost crude production are underway. At the start of the year, a barrel of oil cost $60, but prices have since climbed to roughly $90 per barrel.

The lifting of U.S. sanctions on Russian oil could also reshape the market. On March 10, Donald Trump signaled the possibility of removing these restrictions, and two days later, the United States officially did so by issuing a temporary license to purchase Russian crude and petroleum products. These moves may alter the overall trajectory of oil pricing.

'I hope the price will be even lower than it was before.' Serhiy Kuyun

Meanwhile, Portuguese Prime Minister António Costa voiced concerns, stating that 'the revocation of American sanctions on Russian oil will have consequences for Europe's security.' These developments suggest that the oil market could experience major shifts due to evolving geopolitical factors and regulatory decisions.

Geopolitical Forces at Play

In short, events in the Middle East, combined with changes in U.S. policy toward Russian oil, may drive oil prices downward in the near term. The situation is expected to unfold depending on how the conflict progresses and what decisions influence global energy markets. Monitoring the next moves of international players will be crucial, as they could significantly affect the stability of energy prices worldwide.