Commodities
HSBC Analysts Boost Oil Price Forecasts Amid Strait of Hormuz Uncertainty
HSBC analysts have significantly raised their oil price forecasts for 2026 and 2027, citing a disrupted 'new normal' in the Strait of Hormuz.
In an oil market note to Rigzone, Kim Fustier, Senior Global Oil and Gas Analyst at HSBC, revealed that the company has increased its Brent price forecast to $90 per barrel for 2026, from $80 per barrel previously.
The analysts also raised their 2027 Brent price forecast to $85 per barrel, up from a previous estimate of $65 per barrel.
HSBC's base case assumes that a fragile US-Iran understanding eventually emerges but remains prone to repeated breakdowns and continued uncertainty around security, control, and insurance.