Oil Prices Forecast to Hit $60 Amid US Policy Shifts and Iran De-escalation

Former US Energy Secretary Rick Perry predicts that crude oil prices could retreat to $60 per barrel, driven by surging American production and significant geopolitical shifts. Perry noted that recent de-escalation involving the Trump administration and Iran has triggered immediate downward pressure on global energy benchmarks. The current US strategy focuses on weakening Iranian influence by driving down global energy prices and limiting Tehran's oil revenue. Furthermore, the plan involves repairing and securing energy infrastructure in the Gulf to ensure long-term supply stability. Analysts suggest that the combination of increased supply expectations and a diminishing geopolitical risk premium creates a fundamentally bearish environment for crude. These developments highlight Washington's intent to utilize energy dominance as a primary tool for reshaping Middle Eastern political and economic dynamics.