In an interview with CGTN Europe, Dr. Carole Nakhle, CEO of Crystol Energy, discussed the outlook for oil prices as tensions in the Middle East continue to escalate. She explained that as long as the war continues, energy infrastructure remains at risk, and no clear alternative routes are available to move oil out of the region, prices are likely to remain elevated and could rise further. The discussion also highlighted how political developments, rather than economics alone, will determine how long current price pressures last.
Key takeaways:
Oil prices are likely to remain high for as long as the conflict continues and the risk of further attacks on regional energy infrastructure persists.
The future path of prices will depend less on market fundamentals and more on how the political and security situation evolves.
The G7 decision not to release strategic reserves immediately still sent an important message to the market that governments are prepared to act if conditions worsen.
Strategic petroleum reserves remain a key option to help offset lost barrels and calm market nerves if the situation deteriorates further.
Countries can also respond on the demand side by improving efficiency and limiting demand growth, rather than relying only on additional supply.
Preventing panic is critical, because fear itself can intensify price pressure and worsen the market reaction.
Higher oil and gas prices are likely to renew calls for greater energy diversification and stronger support for alternative energy sources.
However, a prolonged crisis could weaken global economic growth and reduce investment appetite across all energy sources, including renewables.
Related Comments
“Iran War: Asia most at risk in an LNG shortage“, Christof Rühl, Mar 2026
“US and Israel launch major military strikes on oil-rich Iran“, Dr Carole Nakhle, Feb 2026
