HSBC warns oil market stuck in 'tighter for longer' phase, lifts Brent forecasts
HSBC raises 2026-2027 Brent forecasts, citing tighter market as Strait of Hormuz flows remain impaired.
09/09/2026 21:5420 min read
HSBC raises 2026-2027 Brent forecasts, citing tighter market as Strait of Hormuz flows remain impaired.
Trump says oil prices will not drop until after November midterms; Brent crude hits a May high at $103.
Brent crude returned above $100 as President Trump acknowledged oil price relief may take longer, while US stocks and bonds fell on inflation concerns.
Iran is using bitcoin to bypass sanctions, with its central bank tolerating the practice, a report says.