Brent tops $111 as Hormuz disruption prompts higher forecasts
TL;DR Summary
Brent crude rose above $111 as ongoing Hormuz disruption and stalled US–Iran talks prompted banks to lift price outlooks: ING raised its Brent forecast for Q2 and 2026, while Goldman Sachs increased its Q4 outlook, with WTI near $100 as markets price a slower normalization of flows through the Strait of Hormuz and tight inventories.
- Brent Tops $111 as Analysts Raise Forecasts on Hormuz Stalemate Crude Oil Prices Today | OilPrice.com
- U.S. Gas Prices Hit Highest Level Since Beginning of War in Iran The New York Times
- Oil hits highest levels in weeks, auguring more GOP political pain Axios
- Crude Futures Rise As Supply Disruption Persists WSJ
- Oil prices increase after Iran doubles down on Strait of Hormuz closure, accuses US of undermining trust CNN
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