IMF: Oil prices will not return to pre-Iran war levels

International Monetary Fund: Oil Prices Will Not Return to Pre-Iran War Levels / Will Oil Reach Around $90?

IMF Communications Department Director:. The scenario of an immediate return to the peaceful conditions existing before the war does not feature in this institution's forecasts. Even with a potential improvement in shipping traffic through the Strait of Hormuz from mid-July, oil prices will not return to the rates that existed before the start of U.S. and Israeli regime operations against Iran.. According to the IMF's updated analysis released Wednesday, the average global price of crude oil per barrel in 2026 will reach $89.27 with an increase of approximately 33 percent, and will be adjusted to $78.7 in 2027.