Brent Stays Elevated Despite Middle East Export Recovery. Forecast as of 30.09.2026

Iran's chokehold on Gulf oil exports is loosening. As a result, the country has lost a key negotiating advantage in talks with the US. At the same time, the US embargo increases the risk of further escalation in the region. How could these developments affect the oil market? Let’s examine the key risks and develop a trading plan for Brent crude.Major Takeaways Oil exports from the Middle East are recovering. Iran has been backed into a corner and may escalate the conflict. Demand for oil f