HSBC raises 2026 Brent crude forecast to $95 on Hormuz closure in Oil & Companies News 13/05/2026 HSBC raised its 2026 average Brent price forecast to $95 per barrel last week, pointing to an extended effective closure of the Strait of Hormuz. The bank now expects Hormuz traffic and Gulf output to gradually restart from mid-June, with a return to near-normal system-level production and flows by the end of the third quarter of 2026, according to a note dated May 6. HSBC said an extended disruption would lead to larger inventory drawdowns, a more challenging post-war refill, and an elevated residual risk premium, which would support a higher long-term price anchor. Under the bank’s scenario-based assumptions, Brent would average around $110 per barrel in 2026 and $85 per barrel in 2027 if a deal is only reached towards late summer but oil prices periodically correct on headlines. In a pessimistic scenario where a comprehensive deal takes around six months and leaves flows heavily constrained, Brent would average $120 per barrel in 2026 and $95 per barrel in 2027, HSBC said. Source: Investing.com 2026-05-13 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share