Brent crude oil prices could surge to $140 per barrel in 2027 amid risks to Gulf oil supplies and extreme weather conditions, according to a report cited by ANI. The forecast highlights potential disruptions to global energy markets, with geopolitical tensions and weather-related challenges threatening oil production and transportation. A sharp rise in crude prices could increase fuel costs, intensify inflationary pressures and affect oil-importing economies such as India. However, the $140 price level remains a projection, not a certainty.
