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Oil prices forecast to jump despite Opec+ pledge to raise output

Analysts say Iran conflict likely to increase cost of crude by 5-15% when markets reopen on Sunday

Mar 01, 2026 &03460101202631; 14:46 UTC www.ft.com Trending 4/5

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Positive for markets

Sentiment score: +80/100

High impact Immediate effect (hours)

WHAT THIS MEANS

Oil prices are forecasted to surge by 5-15% due to escalating tensions in Iran, despite Opec+'s commitment to increase output. This immediate price jump could elevate energy costs and contribute to inflationary pressures in global markets.

AI CONFIDENCE

0% Low

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Geopolitical conflict in Iran is expected to drive crude oil prices higher by 5-15% when markets reopen, overriding Opec+'s output increase plans.

PRICE HISTORY

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⚡ SUGGESTED ACTION

Consider buying oil futures or energy sector assets ahead of Sunday's market reopening to capitalize on the anticipated price surge.

KEY SIGNALS

Iran conflict escalationOpec+ output pledgeOil price forecast increase

SECTORS INVOLVED

Energy

Analysis generated on Mar 01, 2026 at 15:06 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by FT Markets. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Oil prices forecast to jump despite Opec+ pledge to raise output

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