Fitch expects Brent crude to stay between $100-110 due to Hormuz closure. Traffic normal by June 15 at 1.2% YES.

Fitch expects Brent crude to stay between $100-110 due to Hormuz closure. Traffic normal by June 15 at 1.2% YES.

Oil prices may average at around $87 per barrel in 2026 as the reopening of Strait of Hormuz in the coming months would ease crude supplies globally, says Fitch Ratings. Global…