Peter Schiff, chief economist at Euro Pacific Asset Management, predicts oil prices will rise significantly due to ongoing tensions in Iran and loose U.S. Federal Reserve monetary policy. He warns that higher diesel prices will impact agriculture and transportation costs, pushing up prices broadly. Schiff also expects an economic downturn with rising unemployment and reduced consumer spending, noting that the Fed's rate hikes may be insufficient to control inflation. Additionally, the depletion of U.S. Strategic Petroleum Reserves could further pressure energy prices upward. Schiff suggests that even if the Iran war ends, a risk premium on oil prices will persist due to uncertainty about future conflicts.
Peter Schiff's forecast of economic downturn and rising oil prices provides context for energy market activity. For readers following the energy sector, here is Pluang's market snapshot as of Sep 24, 2026 21:43 WIB: Among 38 priced US energy stocks, 25 rose and 13 fell. Notably, First Solar, Inc. (FSLR) declined 7.02% to USD 178.50 with a typical hold time of 75 days and a 57% sell order activity, contrasting with Sunrun Inc (RUN) which dropped 5.99% to USD 7.85 but saw 100% buy order activity and a much shorter typical hold time of 15 days. Uranium Energy Corp (UEC) fell 5.53% to USD 9.40 with balanced buy/sell orders and a 35-day hold time.
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Jefferies reaffirmed its $110 price target on Uber Technologies, highlighting the company's expanding Mobility product suite as a key driver for faster bookings growth and margin expansion. The broker expects Uber's adjusted EBITDA to grow over 25% t...
