Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes
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Source: Zero Hedge
Published: 2026-07-06 19:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Science, Transport, Middle East, Iran, Energy, Commodities
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Snippet:
Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, according to the latest note from Citi's commodity research team which expects flows through the Strait of Hormuz to soon normalize and the US and Iran to reach a deal in the coming months.
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