Fitch: Hormuz Strait closure has lasted 14 weeks, raises Brent crude average price to $87 per barrel

Odaily Planet Daily News Fitch stated that the closure of the Strait of Hormuz has lasted 14 weeks. Assuming it will not begin to reopen until July, the 2026 Brent crude oil average price assumption has been raised from $70 per barrel in March to $87 per barrel. (Jinshi)