A conflict that stretches through the second quarter would result in historically high real prices, analysts including Vikas Dwivedi said in a note, outlining a scenario with odds of 40%.\n \t \t\t<\/p>\n
An alternative outlook, with probability of 60%, suggested the war may finish at the end of this month, they said.<\/p>\n
Brent crude is on pace for a record monthly gain in March, as the war between the US, Israel and Iran has rocked the oil-rich Middle East. The conflict has seen Tehran oversee a near-complete closure of the Strait of Hormuz, severely restricting flows of energy vital to the global economy.\n \t\t<\/p>\n
\u201cIf the strait were to stay closed for an extended period, prices would need to move high enough to destroy an historically large amount of global oil demand,\u201d the analysts said in the March 27 report. \u201cThe timing of the reopening of the straits, and physical damage to energy infrastructure, is the main determinant of the longer-term impact on commodities.\u201d<\/p>\n
Brent was last near $108 a barrel on March 27, after touching a crisis-high of $119.50 earlier this month. The benchmark set a nominal peak of $147.50 a barrel in 2008, according to data compiled by Bloomberg.<\/p>\n
Fresh from TMC, ATA President Chris Spear takes a candid look at what today\u2019s fleet maintenance trends reveal about the broader state of trucking.\u00a0Tune in above or by going to RoadSigns.ttnews.com<\/a>.\u00a0\u00a0<\/p>\n![\"RoadSigns\"](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/RoadSigns-generic.jpg\"\/)
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