Fitch: Strait of Hormuz closure has lasted 14 weeks, raising Brent crude oil average price forecast to $87/barrel

Odaily Fitch stated that the Strait of Hormuz closure has lasted 14 weeks. Assuming it will not start reopening until July, it has raised its 2026 Brent crude oil average price assumption from $70/barrel in March to $87/barrel. (Jin Shi)