Brent Crude Projected to Stabilize Near $80 Through 2028

Apr 17, 2026 16:25 UTC

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Long term

Analyst Warren Pies forecasts that Brent oil prices will gravitate toward $80 per barrel over the next two years. The outlook comes amid ongoing geopolitical volatility centered on the Strait of Hormuz.

Brent oil target price set at $80 per barrel
Forecast covers a two-year time horizon
Analysis provided by Warren Pies of 3Fourteen Research
Strait of Hormuz remains a critical geopolitical risk factor

Brent crude oil prices are expected to find a long-term equilibrium around the $80 mark, according to a new forecast from 3Fourteen Research. The projection suggests that the commodity will gravitate toward this level over the next 24 months. Warren Pies, co-founder of the research firm, provided the analysis as markets continue to navigate a complex landscape of supply and demand. The forecast arrives at a time when energy traders are particularly sensitive to disruptions in key transit corridors. A primary driver of current market sensitivity is the geopolitical tension surrounding the Strait of Hormuz. As a critical chokepoint for global oil shipments, any instability in this region typically injects immediate volatility into crude pricing. Despite these short-term risks, the long-term outlook suggests a period of relative stabilization. The $80 target indicates a balance between geopolitical risk premiums and global economic demand over the medium term.