Oil & Commodities

EIA Revises 2026 Brent Forecast to $79 — HSBC, Goldman Scramble to Update Oil Outlooks

The US Energy Information Administration dramatically revised its 2026 oil outlook upward to $79/barrel from $58, citing the Hormuz crisis. HSBC raised its forecast by $15 while Goldman projects a Q2 peak near mid-$80s. A prolonged blockade could push Brent to $140–$215.