Brent tops $111 as Hormuz disruption prompts higher forecasts
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.