HSBC Raises 2026 Brent Forecast to $90 as Hormuz Crisis Drags On

HSBC Raises 2026 Brent Forecast to $90 as Hormuz Crisis Drags On

HSBC has hiked its Brent Crude forecast for 2026 to $90 per barrel from $80 as the Strait of Hormuz crisis is tightening markets while no clear path to de-escalation is in sight. The oil markets are unlikely to rebalance until the middle of 2027, HSBC analyst Kim Fustier wrote in a note, as cited by The Wall Street Journal. The bank’s base-case scenario for the coming weeks and months is a fragile form of understanding between the United States …

Brent Crude Price Forecast Raised by HSBC Amid Hormuz Crisis

HSBC has sharply raised its Brent crude price forecast for 2026, lifting its outlook from $80 to $90 per barrel as the crisis in the Strait of Hormuz drags on with no resolution in sight. The bank’s senior oil analyst, Kim Fustier, said global oil markets are unlikely to find balance again until [...]

HSBC raises 2026 Brent forecast to $90 amid Hormuz crisis

Prolonged supply stress from the Hormuz crisis may lead to sustained high oil prices, impacting global economic stability and energy policies.