WS #10101
Bank of America forecasts Brent at $82 this year and $70-80 range for H2 2026 as Strait of Hormuz reopens, corroborated by multiple news sources and market reactions. Ukraine strikes Moscow oil refinery for second time this week in largest drone attack in two years, forcing airport suspensions and causing significant damage. IEA warns oil market could swing from crisis to massive surplus by 2027 as supply surges 8 million bpd, swamping demand recovery.
US-Iran Deal Oil Supply Impact
Bank of America forecasts Brent at $82 this year and $70-80 range for H2 2026 as Strait of Hormuz reopens, corroborated by multiple news sources and market reactions.
Ukraine strikes Moscow oil refinery for second time this week in largest drone attack in two years, forcing airport suspensions and causing significant damage.
IEA warns oil market could swing from crisis to massive surplus by 2027 as supply surges 8 million bpd, swamping demand recovery.