Citi raised its Q3 2026 Brent crude forecast to $80 per barrel from $75, citing a prolonged US-Iran conflict disrupting Strait of Hormuz oil

The bank kept its fourth-quarter and full-year 2027 Brent forecasts unchanged at $70 and $65 a barrel, respectively

Citi has raised its third-quarter Brent crude forecast to $80 per barrel from $75 as the U.S.-Iran war drags on and repeated attempts at a deal fail to restore normal oil flows…