ICICI Bank Warns Crude Oil Could Exceed $100 if West Asia Infrastructure Hit

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West Asia Conflict: Crude Oil May Cross $100 if Infrastructure Hit, Warns ICICI Bank

A navy vessel is seen sailing in the Strait of Hormuz, a vital waterway through which much of the world's oil and gas passes on March 1, 2026. AFP

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Firstpost•03-03-2026, 11:52

West Asia Conflict: Crude Oil May Cross $100 if Infrastructure Hit, Warns ICICI Bank

•ICICI Bank warns crude oil prices could surge past $100 per barrel if West Asia conflict damages oil infrastructure.
•Brent crude is currently expected to trade between $75 and $95 per barrel, but upside risks persist.
•Geopolitical tensions escalated after US and Israel strikes on Iran, followed by Iranian retaliation targeting military and oil infrastructure.
•Sustained hostilities could keep energy markets volatile, with direct hits to production facilities or shipping routes tightening global supply.
•Oil infrastructure in the Gulf region is critical to global energy supply; even temporary disruptions could alter price dynamics.

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