MARKETS

TASI 10,699 -0.4% UAE Index $18.82 +0.3% EGX 30 53,990 +1.6% Gold $4,051 +0.9% Oil (Brent) $91.48 +2.5% S&P 500 7,476 +0.4% Bitcoin $66,700 +2.3%

العربية

OPEC meeting May 2026

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