Fears Of Supply Disruptions Could Push Brent Crude Up By $5–10/Bbl, ANZ Says

Feb 26 (Reuters) - ANZ:

• SAYS FEARS OF SUPPLY DISRUPTIONS COULD PUSH BRENT CRUDE OIL UP BY $5–10/BBL IF U.S.-IRAN TALKS FAIL

• SAYS ANY U.S. ATTACKS THAT TARGET OIL EXPORT FACILITIES PUTS OVER 1.5MB/D OF IRAN'S OIL EXPORTS AT RISK

• SAYS IF NEGOTIATIONS FAIL, AND U.S. CONDUCTS MILITARY ACTION, OIL PRICES WOULD LIKELY SURGE TO OVER $90/BBL

• SAYS IF SUPPLY DISRUPTIONS EMERGE, IT WOULD EXPECT OPEC TO RELEASE SPARE CAPACITY FROM SAUDI ARABIA, UAE AND KUWAIT/IRAQ

• SAYS TO AVOID ESCALATION IRAN IS LIKELY TO KEEP STRAIT OF HORMUZ OPEN AND REFRAIN FROM TARGETING ENERGY OR TRANSPORT INFRASTRUCTURE IN THE REGION

• SAYS IN CASE OF A U.S.-IRAN NUCLEAR DEAL, PRICES COULD FALL BELOW $60/BBL AS THE THREAT OF SUPPLY DISRUPTIONS EASES