Strait of Hormuz reopens, easing oil supply tensions. WTI crude to dip below $20 in June 2026 at 0.1% 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…

Middle East oil output cut by 11M bpd due to the Strait of Hormuz blockade. Crude oil reaching a new all-time high by September 30 at 17.5% YES.

Over 100 million barrels pass through the Strait of Hormuz, indicating partial recovery; traffic returns to normal by June 15 at 0.5% YES, by end of June at 8.5

Middle East conflict closes the Strait of Hormuz, raising crude oil price expectations; new all-time high by September 30 at 17% YES.

Strait of Hormuz reopens, easing oil supply tensions. WTI crude to dip below $20 in June 2026 at 0.1% YES.