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The U.S. Energy Information Administration has forecasted that around 600,000 barrels of daily oil production in the Middle East will remain disrupted until the end of 2026, due to restrictions on the passage of oil carriers through the Strait of Hormuz. Although most production and trade routes are expected to recover to pre-Iran war levels by the beginning of next year, the forecasts indicate that oil movement will remain constrained until the end of August 2026, with a gradual increase in September. Global oil prices have also risen, with Brent crude reaching $88.70 per barrel. It is expected that the average price will increase to $87 in 2026. Meanwhile, U.S. oil inventories continue to be low, which raises fuel costs across the United States over the next two years.
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