HSBC sees Brent crude spiking above $80/bbl on rising risk of Hormuz closure
ReutersJun 23, 2025 12:01 PM
June 23 (Reuters) - HSBC expects Brent oil prices to spike to above $80 per barrel to factor in a higher probability of a Strait of Hormuz closure, but to again recede if the threat of disruptions does not materialise, it said on Monday.
About a fifth of the world's total oil consumption passes through the strait.
"If supplies are not disrupted, prices should trend down by the fourth quarter as OPEC+ brings back volumes and demand drops," the bank said.
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