Saudi Arabia's Base Case: Oil Could Hit $180 by Late April Amid Iran War Shock
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Saudi Arabia's Internal Projections: Oil Could Hit $180 by Late April Amid Iran Conflict
M
Moneycontrol•20-03-2026, 07:37
Saudi Arabia's Internal Projections: Oil Could Hit $180 by Late April Amid Iran Conflict
•Saudi Arabia's internal projections indicate crude oil prices could surge past $180 per barrel by late April if the Iran conflict and supply disruptions persist.
•The forecast is a base-case scenario for Gulf officials, reflecting concerns that the energy shock may be prolonged due to attacks on infrastructure.
•Oil prices have already risen by about 50% since late February, with Brent crude trading around $115–$120 per barrel.
•Saudi Aramco faces a key decision by April 2 on official selling prices, balancing higher revenues with demand stability.
•Despite potential revenue gains, Saudi officials are wary of the broader economic impact of a sharp price spike, including demand destruction and global inflation risks.
