HSBC lifts Brent crude forecasts, citing Strait of Hormuz disruption
HSBC raised its Brent crude price forecasts for this year and next, pointing to prolonged disruption to shipping flows through the Strait of Hormuz after the collapse of a U.S.-Iran memorandum of understanding.
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11:24:35 AM UTC
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Goldman Sachs and HSBC raised their oil price forecasts this week as prices climbed to multi-week highs on persistent Middle East shipping disruptions.The table below lists price forecasts after the U.S.-Iran peace deal announcement
-Iran memorandum of understanding. "We think the market is adjusting to a disrupted 'new normal' in which the st…"