Donald Trump’s latest remarks have left forecasts unchanged, with Brent crude still seen averaging about $113 a barrel in the second quarter, according to Oxford Economics. The key risk remains the Strait of Hormuz. With no clear path to reopening, supply disruptions are likely to persist, sustaining upward pressure on prices.

2026-04-02

Donald Trump’s latest remarks have left forecasts unchanged, with Brent crude still seen averaging about $113 a barrel in the second quarter, according to Oxford Economics. The key risk remains the Strait of Hormuz. With no clear path to reopening, supply disruptions are likely to persist, sustaining upward pressure on prices.