Barclays Says Brent Could Reach $80 a Barrel on US-Iran Tensions

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Oil prices continue to rise in world markets after recent geopolitical events. On March 1, 2026, the Brent was set at US$72.48 per barrel, up about 2.03 per cent in the session, following the US attacks on Iran, followed by Iranian responses that targeted several oil-producing countries in the Persian Gulf, affecting regional production. Attacks have increased uncertainty about global supply. Barclays analysts estimate that an interruption in pr…