Following the resumption of shipping through the Strait of Hormuz… (барра · пролив · нефть)
Following the resumption of shipping through the Strait of Hormuz, the price of Brent crude is likely to remain in the $75–$85 per barrel range. Sovcombank expects the average spot price of Brent in the third quarter to be $88 per barrel, and Urals crude at $68 per barrel.
Consensus
- The Strait of Hormuz has reopened for shipping
- Analysts predict a decline in Brent crude oil prices
- The reopening is linked to a diplomatic agreement between the US and Iran
- The price of Brent crude is expected to fluctuate in the range of $70-85 per barrel in the second half of 2026
Points of divergence
- Brent crude will average $82 per barrel in 2026, and $70 per barrel in 2027 — interfax
- Brent crude is expected to stay between $75-85 per barrel in 2026 — vedomosti
- Brent crude is expected to average $88 per barrel in Q3 2026 and $80 in Q4 2026 — vedomosti
- A rapid reopening could cause Brent to drop to $65-70 per barrel temporarily — vedomosti
- The reopening will lead to a gradual price decline over several months — vedomosti
Coverage (2 sources)
- BofA analysts predict Brent price decline to $82 per barrel after full opening of Strait of Hormuz — Интерфакс
- Experts Assess Brent Oil Costs After Hormuz Strait Opening — Ведомости