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Analysts warn of 'uncontrolled demand destruction' as oil forecast to hit record high

With no sign of de-escalation, there is a higher risk the expanding Iran war will push oil prices even higher than the level it reached during the global financial crisis in 2008.

1 report1 sourceSep 15, 2026, 6:51 AM
FilterABC Australia
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ABC AustraliaSep 15, 2026, 6:51 AM

Analysts warn of 'uncontrolled demand destruction' as oil forecast to hit record high

With no sign of de-escalation, there is a higher risk the expanding Iran war will push oil prices even higher than the level it reached during the global financial crisis in 2008.

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