Citi forecasts oil prices to drop to $60 as Hormuz tensions ease. New all-time high for crude oil by September 30 at 4.1% YES.

Oil prices drop 30% in Q2 2026 after US-Iran peace deal reopens Strait of Hormuz. New all-time high by September 30 at 4.5% YES.

Oil prices fall as US-Iran talks ease supply disruption fears. New all-time high for crude oil by September 30 at 4.5% YES.

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,…