Barclays raises 2026 Brent forecast to $85 a barrel on Strait of Hormuz disruption

Core Viewpoint - Barclays has raised its 2026 Brent crude oil price forecast to $85 per barrel due to ongoing supply disruptions linked to the Iran war, which have significantly reduced oil flows through the Strait of Hormuz [1] Group 1 - Barclays' updated forecast reflects a response to geopolitical tensions affecting oil supply [1] - The reduction in oil flows through the Strait of Hormuz is a critical factor influencing the price forecast [1]