2 news · updated Jul 3, 2026

UBS cuts Brent price

2026-07-02

UBS lowers 2026-2027 oil price forecasts as Hormuz flows recover

UBS reduced its 2026 and 2027 oil price forecasts following improved flow conditions through the Strait of Hormuz and easing US blockade concerns. The bank now expects Brent crude to average $83.74 pe

reuters · 2026-07-02 02:44 UTC

2026-07-02

UBS cuts Brent crude price forecasts on improved Hormuz oil flows

UBS cut its Brent crude price forecast by $25 for September to around $80 per barrel, citing improved oil flows via the Strait of Hormuz after a US-Iran agreement. The bank also lowered LNG forecasts

reuters · 2026-07-02 02:27 UTC

UBS cuts Brent price

UBS lowers 2026-2027 oil price forecasts as Hormuz flows recover

UBS cuts Brent crude price forecasts on improved Hormuz oil flows

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