MARKETS

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العربية

Brent crude forecast

Cargo ships and oil tankers navigating through a narrow ocean strait passage representing Hormuz reopening and its impact on oil prices

Energy

Oil Forecast May 2026: $80 or $120? What Hormuz Reopening Means

Oil price forecast May 2026: 3 scenarios ranging from $80 to $120/barrel. Full analysis of Hormuz reopening impact, OPEC+ May 3 meeting, global demand recovery, pipeline alternatives winding down, and inventory data.

Apr 11, 2026