Roukaya Ibrahim

speaker

167 appearances 1 recordings 1 series first heard Aug 2026 last heard 2 Aug

Roukaya Ibrahim’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Aug 2026 with 1.

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WSJ's Take On the Week · Why Oil Prices Could Hit a Breaking Point by Year End · 2 Aug 2026 podcast

Thanks a lot for having me, Telus.

I mean, from a really long-term perspective over, you know, 12 months and beyond, I think actually what we have just experienced over the past few months justifies lower oil prices.

Really?

Yeah, absolutely.

I think what we have seen is really peak influence of the Strait of Hormuz.

So first of all, what we've seen during this disruption is that a key part of the adjustment mechanism has been the pipelines in Saudi Arabia and the UAE that have enabled about 5 million barrels per day of oil to get out of the Middle East, despite the closure of the Strait of Hormuz.

And I think the Middle Eastern countries are going to double down on those.

We already know that the UAE is planning to double the capacity of the Adnok pipeline, which goes to the Gulf of Oman and thereby bypasses the Strait of Hormuz.

Saudi Arabia is most likely going to either expand the East-West pipeline or even put in new pipelines that enable it to divert oil away from the Strait of Hormuz, but also reduce

its exposure to the Bab al-Mandab Strait, which we know is now also at risk.

Iraq is also expanding pipelines to either Turkey or Syria.

And so in that way, I think really what we've seen is that the Strait of Hormuz

its influence has peaked, it's still going to be extremely relevant to global oil markets.

I don't want to understate that.

However, I think that, you know, from that perspective, from the supply side, that's sort of a longer term trend.

And then also from the demand side, I think that countries are going to put in place policies that reduce their exposure to similar disruptions in the future.

Our outlook is that from a geopolitical perspective, what we're likely to see over the coming months is a pretty wide trading range for oil, you know, probably between 70 and maybe $100 a barrel for Brent.

on the back of this sort of stop and start in negotiations and tensions in the Middle East.

So I don't think that, you know, it's going to be clearly over and that's going to cause oil prices to be in this wide trading range.

It's also going to mean that even if we do get a period of de-escalation and some flows coming through the Strait of Hormuz, you know, the oil disruption is not going to be completely cleared over the coming months unless we do see a clear

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