13:31 - 29.01.2026

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January 29, Fineko/abc.az. In the near future, a sharp jump in oil prices should not be expected: even with aggravation of the situation around Iran, a barrel is unlikely to exceed $100.

ABC.AZ informs that since the beginning of 2026, Brent has risen in price by more than 10% due to the geopolitical premium associated with the actions of the U.S. and concerns about the Strait of Hormuz. At the same time, the market has adapted to the "Iranian factor", and global oil overproduction is holding back a sharper growth. Complete closure of the strait is unlikely, despite its strategic importance.