HSBC Lifts 2026 Brent Forecast to $90 as Hormuz Crisis Persists
HSBC says its base-case for coming months hinges on a fragile US-Iran understanding, leaving shipping security and insurance at risk. It forecasts oil through the Strait of Hormuz rising to about 8 million barrels per day by end-2026 and 9.5 million by mid-2027, keeping markets tight and lifting its 2026 Brent outlook to $90 a barrel.