HSBC: If the US-Iran memorandum of understanding leads to a genuine and gradual reopening of the Strait of Hormuz, the forecasts for Brent crude oil prices at $95/barrel in 2026 and $75/barrel in 2027 remain largely reasonable.

2026-06-16

HSBC: If the US-Iran memorandum of understanding leads to a genuine and gradual reopening of the Strait of Hormuz, the forecasts for Brent crude oil prices at $95/barrel in 2026 and $75/barrel in 2027 remain largely reasonable.