Miner Company
On Oil Prices, The Narrative Shifts To ‘Higher For Longer'
Just weeks ago, before the missiles and drones started flying over Iran and other Persian Gulf nations and their energy infrastructure, the prevailing narrative on oil prices among analysts was some version of “lower for longer.” The international Brent index was headed for $60 per barrel, with the U.S. domestic West Texas Intermediate price lagging even lower for the rest of 2026.
Just weeks ago, before the missiles and drones started flying over Iran and other Persian Gulf nations and their energy infrastructure, the prevailing narrative on oil prices among analysts was some version of “lower for longer.” The international Brent index was headed for $60 per barrel, with the U.S. domestic West Texas Intermediate price lagging even lower for the rest of 2026.