Commerzbank expects Brent crude to remain around $85/bbl through year-end,
commodity research head Thu Lan Nguyen said. She warned US‑Iran talks on a new
nuclear deal are likely to be bumpy and the bank is cautious about forecasts of
oil falling well below pre‑war levels. Even if the Strait of Hormuz fully and
sustainably reopens, shipping and Gulf energy exports will take substantial time
to normalize. Commerzbank added that rapid inventory rebuilding could lift
near‑term demand and that countries most affected by disruption may seek higher
strategic stocks, amplifying restocking demand.
