Morgan Stanley cuts its oil price forecast as Strait of Hormuz tanker traffic rebounds faster than expected.

Morgan Stanley cut oil forecasts for the second time in two weeks as flows through the Strait of Hormuz return faster than expected. Read on

Morgan Stanley cut its Dated Brent forecast to $90 for Q3 2026 and $80 for Q4, citing faster Strait of Hormuz supply recovery and weak Chinese demand.

Citi expects Brent crude to fall to $60 a barrel by year-end as shipping through the Strait of Hormuz normalises and supply concerns ease. The brokerage sees improving oil flows,…