Citi Forecasts Brent Crude at $70/Barrel in Q4 2026, $65 in 2027 on Iran Deal Assumption

According to Citi, Brent crude oil prices are forecast to average $70 per barrel in the fourth quarter of 2026 and $65 per barrel throughout 2027, contingent on the assumption that the U.S. and Iran reach a final agreement and the Strait of Hormuz reopens.
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