Marketplace · Thursday, September 10, 2026
Analysts from S&P Global Energy and Columbia Business School predict that oil prices will remain in the $80-$100 range, or even higher, through next year due to the ongoing conflict in the Middle East and the resulting disruption of oil shipments through the Strait of Hormuz. The market is now pricing in volatility and uncertainty, with no expectation of a swift resolution.
“We're projecting prices at the $80 to $100 range through next year.”
“It is essentially pricing in volatility, pricing in uncertainty.”
“We're not going back. She says, after repeated announcements from the White House that the Strait of Hormuz was opening soon, or the war was about to end, which would temporarily drive crude prices lower.”