Citi Sees Brent Falling Toward $65 in 2027 if Hormuz Reopens
Citi Research says Brent could fall to $65 a barrel from the second quarter of 2027 if Strait of Hormuz shipping normalizes and regional energy infrastructure avoids lasting damage. Its base case has a 60% probability.
Brent crude could fall to $65 a barrel from the second quarter of 2027 if shipping through the Strait of Hormuz normalizes and regional energy infrastructure avoids lasting damage, Citi Research says. The bank assigns a 60% probability to its base case, which assumes flows recover in the fourth qua…