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The U.S. Energy Information Administration (EIA) raised its Brent crude price forecast by 22%, predicting that oil price increases will continue for several months even after the Strait of Hormuz reopens, due to the Iran war.

Oil Price Forecast Upgraded, Continued Rise Expected

The U.S. Energy Information Administration (EIA) has revised its Brent crude oil price forecast upwards by 22% in its short-term energy outlook report for the year. The EIA analyzed that even if the Strait of Hormuz reopens, fuel price increases could persist for several months. This projection is based on the expectation that the aftermath of the Iran war will delay the normalization of oil supply for a considerable period.

Impact of Iran War on International Oil Prices

The Iran war has exacerbated geopolitical instability in the Middle East, directly impacting international oil prices. In particular, the instability in the Strait of Hormuz, a crucial conduit for global oil shipments, is a key factor contributing to upward pressure on oil prices. The EIA's latest forecast indicates that the Iran war is not only causing short-term oil price fluctuations but also increasing long-term uncertainty in the energy market.

*Source: 뉴스1 (2026-04-07)*

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