IMF Predicts Oil Prices Will Not Revert to Pre-Conflict Levels
According to the International Desk of Webangah News Agency, the International Monetary Fund (IMF) has presented a concerning outlook for the energy market, indicating that a return to peaceful conditions preceding recent conflicts is not factored into its projections.
Julie Kozack, Director of the IMF’s Communications Department, stated at a press conference that even with a potential improvement in shipping traffic through the Strait of Hormuz from mid-July, oil prices will not revert to the rates seen before the commencement of operations by the United States and the Israeli regime against Iran.
An updated analysis from the IMF, released on Wednesday, forecasts that the average global price per barrel of oil will reach $89.27 in 2026, an increase of approximately 33 percent, before adjusting to $78.7 in 2027.
The financial institution emphasized that its future prediction models will directly incorporate the on-the-ground situation in the region and commodity markets.
This analysis comes amidst escalating tensions in the region. On Wednesday evening, American terrorist forces conducted attacks against Iran, citing unsubstantiated claims of commercial vessels being targeted in the Strait of Hormuz. In response, Iranian forces, in a decisive reaction to Washington’s violation of the ceasefire agreement, targeted U.S. bases in Bahrain and Kuwait with retaliatory operations.
