Barclays Sees Upside Oil Price Risks on Hormuz Delays
Barclays keeps its $85 Brent forecast but warns that slow recovery in the Strait of Hormuz poses upside risks. Disruptions persist despite a ceasefire.
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BARCLAYS PLC, a major financial institution based in the United Kingdom, has warned that while its baseline forecast for Brent crude oil remains at $85 per barrel for 2026, there are significant upside risks if traffic through the Strait of Hormuz does not normalize quickly. Despite a recent ceasefire announcement, energy flows through this critical maritime artery remain heavily restricted.
