Barclays: Delay in Hormuz flow recovery poses upside risks to $85/b Brent forecast

Barclays says a swift normalization of flows through the Strait of Hormuz supports its forecast of Brent averaging $85/bl in 2026. The bank warns that delays in restoring traffic or any further escalation could push oil prices higher from current levels, signaling upside risk to energy markets.

Analysis

Barclays says a swift normalization of flows through the Strait of Hormuz supports its forecast of Brent averaging $85/bl in 2026. The bank warns that delays in restoring traffic or any further escalation could push oil prices higher from current levels, signaling upside risk to energy markets.