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    US EIA lifts Brent forecast to $98 as Iran war tightens global supplies

    The Economic Times
    October 6, 2026
    via The Economic Times

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    US EIA lifts Brent forecast to $98 as Iran war tightens global supplies

    The US Energy Information Administration raised its oil price forecasts for this year and next on Tuesday, citing rapidly declining global inventories and tight diesel supplies caused by the ongoing war with Iran, Reuters reported.The EIA now expects global benchmark Brent crude to average about $98

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