HSBC Raises 2026 Brent Forecast to $90 Amid Prolonged Hormuz Crisis

HSBC analysts now project Brent Crude at $90 per barrel for 2026, up from $80, as the Strait of Hormuz crisis continues with no clear de-escalation path. The bank believes oil markets are unlikely to rebalance until mid-2027, anticipating a fragile understanding between the US and Iran susceptible to breakdowns. Persistent high oil prices could fuel global inflation, potentially boosting gold's appeal as a hedge and exerting pressure on the Pakistani Rupee against the US Dollar.

بحوالہ / Source: oilprice.com