March 27 (Reuters) - Major brokerages have raised their 2026 average oil price forecasts as the U.S.-Israeli war with Iran drove oil prices sharply higher this month.

Macquarie on Friday raised its fiscal year 2026 oil price forecast, projecting West Texas Intermediate crude would average approximately $83 per barrel, up from the previously estimated $58 per barrel, citing significant supply disruptions linked to the Middle East conflict.

Brent crude futures were trading at $107.15 a barrel by 2113 GMT on Thursday, while U.S. West Texas Intermediate crude was at $93.79. [O/R]

Brokerag Brent WTI  Forecas Price

e/Agency ts as Targets

of 

  2026 2027 2026 2027    

March If the war

27 continues

Macquari $89.28 $74.5 $82.9 until end of

e 0 3 $70. June, oil

50 prices may

rise to $200

Morgan - $80 - - March Expects

Stanley ($70 24, Brent prices

previ 2026 to remain

ously above

) $80/bbl for

the rest of

2026

Goldman $85 $80 $79 $75 March Expect Brent

Sachs ($77 ($71 ($72 ($67 22, to average

previo previ previ prev 2026 $110/bbl in

usly) ously ously ious March and

) ) ly) April

J.P - $72 - - March Expects

Morgan 20, Brent prices

2026 averaging

$100/bbl

in Q2'26,

$90/bbl in

Q3'26 and

$80/bbl in

Q4'26

Standard $85.50         Expects

Chartere ($70 Brent to

d previo average

usly) $78/bbl in

Q1'26, and

$98/bbl in

Q2'26

BofA $77.50 $66 - $61 March Expects

($61 ($62 ($59 16, Brent to

previo previ prev 2026 average

usly) ously ious $80/bbl in

) ly) Q2'26, but

average

$76/bbl in

Q3'26

Barclays $85 - - - March But if the

(from 13, Strait of

$65 2026 Hormuz takes

previo 4-6 weeks to

usly) normalise,

The says Brent

foreca could climb

st to $100/bbl

assume

s the

Strait

of

Hormuz

normal

ises

in 2-3

weeks 

ANZ - - - - March Raises Brent

12, forecast for

2026 Q1'26 to

$100/bbl

from $90/bbl

BMI $70 $70 $68 $68 March Expects

($67 12, Brent to

previo 2026 average

usly) $67/bbl and

$69/bbl in

Q3'26 and

Q4'26,

respectively

.

Citi $71 $64 $68($ $61 March Anticipates

($63 60 11, Brent

previo previ 2026 averaging

usly) ously $75/bbl in

) Q1'26,

$78/bbl in

Q2'26, and

$68/bbl in

Q3'26

HSBC $80 $70($ $76($ $67( March  

($65 66 61 $63 10,

previo previ previ prev 2026

usly) ously ously ious

) ) ly)

- - - - March Expects

6, 2026 crude prices

could rise

to $150/bbl

or above if

the Strait

of Hormuz

remains

closed for

several

weeks

UBS $72 $70 $68($ $66 March Expects

($62 58 4, 2026 prices 

previo previ to move

usly) ously towards

) >$100/bbl

and into

more severe

demand 

destruction

of the

territory of

$120+/bbl if

flows

through

Hormuz

remain

disrupted