Articles
12 March 2026 

Watch: Your oil questions answered

ING's Commodity Strategist, Warren Patterson, on the global oil crisis, the options for world leaders and the markets, and what's going to happen to crude prices as the conflict with Iran continues.

Warren has also written about world gas prices; click here for that

Your oil questions answered

The price of oil continues to fluctuate, with Brent crude sometimes passing $100 a barrel. That's despite the International Energy Agency announcing it would release a record amount of supplies. So what options are there, and what will it take for oil to return to the levels we saw before the conflict with Iran began? ING's Warren Patterson explains the Strait of Hormuz dilemma and what he expects to happen next.

Content Disclaimer
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more