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HSBC Raises 2026 Brent Forecast to $90 Amid Hormuz Crisis

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High 8/10Brent Crude XLE

HSBC Raises 2026 Brent Forecast to $90 Amid Hormuz Crisis

HSBC has revised its 2026 Brent Crude price forecast upward to $90 per barrel, citing persistent instability in the Strait of Hormuz. The bank warns that market rebalancing is unlikely to occur before mid-2027 due to ongoing geopolitical friction.

September 10, 2026Published 12 hours ago