Iran Eyes $130 Oil While at Least 50 Tankers Sit Stuck in the Gulf

OilPrice.com·Oct 28, 2026 · 9:00 AM CT

Readthrough summary

Iranian media say the country's budget planners may include a $130-a-barrel oil scenario for the year starting March 2027, though Iran usually budgets conservatively. The U.S. blockade in the Gulf of Oman had stranded at least 50 Iranian tankers by early October, so Iran may not benefit from higher prices.

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