BMI Forecasts Extended Period of $100+ Brent Crude
Crude oil prices will remain quite high in the coming months, with Brent staying above $100 per barrel, as the U.S. and Iran remain distant on a potential agreement, Cedric Chehab, chief economist at BMI, told CNBC on Monday. A deal “could take several months yet,” Chehab told CNBC’s program Squawk Box Asia today, as Brent Crude prices traded at about $104 a barrel in Asian trade. BMI forecasts that a potential U.S.-Iran deal would happen by the end of the first quarter of 2027 “because it will take some more time for that…
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**BMI Forecasts Elevated Brent Crude Prices Amid Geopolitical Tensions**
According to Cedric Chehab, chief economist at BMI, Brent crude oil prices are set to remain above $100 per barrel over the coming months. Speaking to CNBC’s *Squawk Box Asia*, Chehab cited persistent delays in reaching a diplomatic resolution between the U.S. and Iran as a primary driver for the sustained price levels.
### **Delayed U.S.-Iran Negotiations**
With Brent crude trading at approximately $104 per barrel in
