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The US Energy Information Administration has again raised its oil price forecasts for this year and next, citing rapidly falling global stockpiles and tight diesel markets due to the ongoing Iran war. Brent crude is now projected to average around $98 a barrel in 2026, an 8% increase from previous expectations.
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI