Background

Standard Chartered's commodities research desk has tracked Brent price movements throughout the Iran conflict, with Brent reaching $108.11 by Day 60. Its European gas price forecasts, projecting €80/MWh potential before summer, have been among the most cited in the context of OFAC GL-V's 24 May wind-down deadline for Hengli Petrochemical. Standard Chartered's Asia-Pacific exposure makes it particularly well-positioned to track the intersection of Gulf supply disruption and Asian energy demand.

Common Questions

Why does Standard Chartered think gas prices could hit 80 euros?

The bank forecast TTF could breach €80/MWh if the Iran conflict remains unresolved at the start of summer gas injection season, based on low storage levels and continued LNG diversion to Asia.Source: european-energy-markets

What is Standard Chartered's view on European gas for 2026?

Standard Chartered warned in April 2026 that TTF could breach €80/MWh under a prolonged Hormuz disruption scenario, significantly above Goldman Sachs' €50/MWh baseline forecast.Source: european-energy-markets

Do banks like Standard Chartered actually trade gas?

Standard Chartered is primarily a bank with commodities research; the forecasts come from its research division and are distributed to clients. It does not operate as a major physical gas trader.Source: european-energy-markets

What is Standard Chartered forecasting for gas prices?

Standard Chartered's commodities research has projected European gas could reach €80/MWh before summer under sustained Hormuz disruption. Brent hit $108.11 by Day 60 of the Iran conflict.Source: Standard Chartered

What is Standard Chartered's role in covering the Iran war?

Standard Chartered provides commodities research tracking Brent price movements and European gas exposure under Hormuz disruption scenarios, drawing on its significant Asia-Pacific banking operations.

How the World Sees Them

European Commission

Even if peace comes tomorrow, we will not go back to normal in the foreseeable future.