BofA raises Brent oil price forecast for 2026 on Strait of Hormuz disruptions
March 16, 2026
(Investing) – Bank of America has raised its Brent oil price forecast for 2026 as disruptions in the Strait of Hormuz tighten global supply and accelerate inventory drawdowns. The bank now expects Brent crude to average $77.50 per barrel in 2026, up from a prior estimate of $61, reflecting the growing impact of the conflict on global oil flows. The new
