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<Research>CICC Raises Brent Forecast on Wider Impact of Iran Conflict
Recommend 6 Positive 11 Negative 18 |
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Under CICC's base case, it assumed that the trade disruptions in the Strait of Hormuz will end within two weeks. In view of this, the forecast for the average Brent crude prices for 1-4Q26 was raised to USD75/ USD80/ USD75/ USD72.5/ bbl. In CICC's risk case, if the trade disruption in the Strait persists until 2Q26, it believed that the average Brent crude prices for 2Q26 could rise above USD120/ bbl. Looking ahead, CICC projected that the surge in oil prices may suppress demand, potentially leading to a rebalancing of market fundamentals, with Brent possibly ebbing back to USD70-80/ bbl in 2H26. AASTOCKS Financial News Website: www.aastocks.com |
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