Citi sees oil prices of $75-$78/bbl if war disrupts 1.1 mln bpd of Iran's oil exports
ReutersJun 19, 2025 5:23 PM
June 19 (Reuters) - Analysts at Citibank said on Thursday they expect escalation of the Iran-Israeli conflict could boost Brent crude oil prices by about 15% to 20% from the pre-conflict average of $65 per barrel, if the war disrupts 1.1 million barrel per day (bpd) of Iranian oil exports.
"This implies Brent prices should be in the $75 to $78/bbl range," Citi said in a note.
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