TechFlow News, March 20: According to JIN10 Data, UBS Group has raised its oil price forecasts for 2026–2027 to reflect the closure of the Strait of Hormuz and the ongoing conflict in the Middle East. UBS increased its 2026 oil price forecast by $14 per barrel to $86 per barrel and its 2027 forecast by $10 per barrel to $80 per barrel. Analysts stated: “This forecast assumes the conflict will persist for another two to three weeks, until early April, during which oil flows through the Strait of Hormuz will remain severely reduced. We assume that major oil fields and terminals will remain undamaged, and that flows through the Strait of Hormuz will gradually recover from April onward—but will not fully return to normal levels.”
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