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Macquarie Expects Brent to Hit Price Floor Of $85/bbl-$90/bbl If Iran Tensions Decrease

ReutersMar 24, 2026 7:57 AM

- Macquarie Group MQG.AX:

  • EXPECTS BRENT TO HIT PRICE FLOOR OF $85/BBL TO $90/BBL IF IRAN TENSIONS DECREASE

  • EXPECTS PRICES TO DRIFT BACK TO $110/BBL UNTIL STRAIT OF HORMUZ IS RESTORED

  • SAYS $150/BBL STILL AN OPTION IF STRAIT REMAINS SHUT UNTIL APRIL

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