News ME Conflict23 Mar 2026

ME conflict:Oil price could average $120/bbl if closure of the Strait of Hormuz lasts 6 months

| 23 Mar 2026

The Brent oil price could average $120/bbl in 2026 if the Strait of Hormuz remains effectively closed for six months, or $100/bbl if closed for three months, Fitch Ratings (Fitch) says in a new report. This compares to the 2026 average of $70/bbl in Fitch's base case.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.
CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 
Error : Object reference not set to an instance of an object.
Recent Comments

About

News

Conferences

Products

Ins Communications Pte Ltd., 103A Amoy Street, Singapore 069923. Tel: (65) 6224 5583, Fax: (65) 6224 1091 | Copyright 2026 All rights reserved.