USO XLE U.S. RAISES OIL PRICE FORECAST ON HORMUZ DISRUPTION U.S. energy officials expect Strait of Hormuz constraints to persist through Aug

USO XLE U.S. RAISES OIL PRICE FORECAST ON HORMUZ DISRUPTION U.S. energy officials expect Strait of Hormuz constraints to persist through August, limiting oil flows. The EIA raised its 2026 Brent crude forecast to $87 a barrel from $82 and lifted its U.S. gasoline estimate to $3.78 a gallon. Despite President Trump saying the strait is open, only eight vessels crossed Monday, versus roughly 120 before the war.