Woodside Energy Group Ltd

WDS: XASX (AUS)

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Woodside: Iran Escalation Pushes Brent Above $100; but Our $65 Midcycle Holds

Mark Taylor , Leo Wang

Mar 13, 2026

Brent prices have risen after US and Israeli strikes on Iran, recently exceeding USD 100 per barrel on unconfirmed reports that Iran has begun laying mines in the Strait of Hormuz. The strait is one of the world's most important maritime routes, as about 20% of global crude volumes pass through it.

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Woodside Energy Group Ltd

Woodside: Iran Escalation Pushes Brent Above $100; but Our $65 Midcycle Holds

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