Brent crude is likely to remain near the $100-a-barrel mark through the end of the year, according to an updated forecast from Rapidan Energy Group. This projection is driven by the potential for renewed disruptions in the Middle East, particularly stemming from the breakdown of the US-Iran ceasefire.

The geopolitical tensions and the increased risk of supply interruptions are key factors influencing Rapidan's revised outlook. The energy consultancy suggests that the market may need to brace for a sustained period of elevated oil prices, with the $100 threshold being a significant psychological and economic benchmark.

This forecast implies that the market will remain sensitive to any further escalations or instability in the region. The possibility of Mideast disruptions impacting global oil supply is seen as a persistent threat, pushing prices higher than previously anticipated and potentially affecting economic forecasts globally.