Barclays raises 2026 Brent forecast to $85 a barrel on Strait of Hormuz disruption

BusinessLine - March 14, 2026

Barclays raises 2026 Brent forecast to $85 a barrel on Strait of Hormuz disruption

The bank ‌said oil flows through the Strait of Hormuz ‌route have fallen to a ‌trickle ⁠and production shut-ins in ⁠Gulf countries have climbed to more than 10 million barrels per day

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