Brent crude may surge to $130-$140 on Iran war escalation
Dan Greenhaus, Solus managing director and chief strategist, said Brent crude could reach $130 to $140 per barrel due to Iran war escalation and private credit strains. His forecast highlights heightened supply risk that may drive additional gains for the United States Brent Oil Fund as tensions persist.
1. Price Forecast: Dan Greenhaus Predicts $130-$140 Brent
Dan Greenhaus, managing director and chief strategist at Solus Alternative Asset Management, said Brent crude could climb to between $130 and $140 per barrel given current market dynamics.
2. Geopolitical and Credit Drivers
Escalating conflict in Iran has disrupted supply expectations, while tightening private credit conditions compound concerns over future oil availability and market liquidity.
3. Implications for BNO ETF
The United States Brent Oil Fund, which tracks Brent crude futures, may see further inflows and price appreciation if the forecasted surge materializes, enhancing yield prospects for holders.