Citi Raises Brent Forecast for 2026; Sees $150 Oil if Hormuz Disruption Persists

  Citi raised its outlook for average Brent crude prices for the rest of 2026 late on Sunday, warning prices could surge to $150 a barrel if oil flows through the Strait of Hormuz remain disrupted through the end of June. The bank lifted its base-case forecast for Brent to $110, $95 and $80 a … Read more