Oil Price Forecasts Jump as Hormuz Disruption Drags On

Analysts have sharply raised their 2026 oil price forecasts as hopes fade for a quick normalization of shipping through the Strait of Hormuz, with a new Reuters poll putting Brent crude at an average of $89.05 per barrel this year, up from $85.08 just a month ago. The September survey of 30 economists and analysts also raised the average forecast for West Texas Intermediate (WTI) to $83.90 per barrel from $80.20 in the August poll. Brent forecasts ranged from $77.27 to $97.60, as economists grapple with the guessing game of how sustainable the…