Oil Prices Likely to Stay High Post-War Due to Infrastructure Damage
The price of oil is expected to remain high even after the war ends due to extensive damage to oil infrastructure in the Middle East, which will take months to repair. The conflict has disrupted oil flows through the Strait of Hormuz, causing Brent crude prices to rise to between $90 and $112 per barrel. Experts suggest that full production recovery will take time, keeping prices elevated.
Topics: energy markets global supply infrastructure damage Iran war oil prices