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

Odaily reported that Fitch stated 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 forecast has been raised from $70/barrel in March to $87/barrel. (Jin Shi)