Fitch: Closure of the Strait of Hormuz has lasted 14 weeks, raising Brent crude oil average price forecast to $87/barrel
2026-06-04 13:46
Odaily Planet Daily News Fitch stated that the closure of the Strait of Hormuz has now lasted for 14 weeks. Assuming it will not begin to reopen until July, the firm has raised its 2026 Brent crude oil average price forecast from $70 per barrel in March to $87 per barrel. (Jin Shi)
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