Fitch Ratings forecasts Brent crude oil falling to $70 per barrel by Q4 2026 as Strait of Hormuz reopens and oversupply returns, reshaping macro

Brent crude rises above $82 amid Middle East supply concerns. New all-time high by September 30 at 3.6% YES, by December 31 at 10.5% YES.

Fitch Ratings forecasts Brent crude oil falling to $70 per barrel by Q4 2026 as Strait of Hormuz reopens and oversupply returns, reshaping macro