HSBC raises 2026 Brent forecast to $90 amid Hormuz crisis
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HSBC has raised its 2026 Brent crude forecast to $90 per barrel, up from a previous $80 projection, citing the unresolved crisis in the Strait of Hormuz. According to the bank's senior oil analyst, the ongoing supply disruption in the critical shipping lane shows no signs of abating. The revision reflects expectations that geopolitical tension will sustain elevated energy prices through next year, with potential ripple effects across global economic stability and energy policy decisions worldwide.
- HSBC's $10 per-barrel upward revision signals analyst confidence that Hormuz tensions will persist and keep crude under structural pressure.
- Prolonged supply stress from the crisis could lock in higher energy costs across economies, reshaping both inflation outlooks and energy investment strategies.
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HSBC’s Brent crude price forecast jumps to $90 as Hormuz crisis drags on
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 glo…
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.
HSBC Raises 2026 Brent Forecast to $90 as Hormuz Crisis Drags On