Oil prices may drop 10-15% if US-Iran peace is reached, but Berkshire Hathaway's energy stocks remain strong.

Oil prices currently include a geopolitical risk premium due to the conflict with Iran, causing prices to rise. If peace is achieved, prices could fall by 10-15%, ending the $50-$60 forecast for 2026. Despite this, Berkshire Hathaway's holdings in Chevron and Occidental Petroleum are well-positioned for long-term growth and income, benefiting from higher global oil prices. Investors are advised to buy energy stocks cautiously now and consider adding more after a US-Iran settlement, as oil prices will likely drop significantly then.