UBS Warns: Hormuz Blockade Could Push Oil Prices Above $150 by April End

Published: Mar 17, 2026 20:51

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UBS’s latest research warned that if the blockade of the Strait of Hormuz persists, global crude oil and refined product inventories will fall to historic lows by month-end April, and Brent crude prices could then climb to above $150 per barrel, with further upside risk.

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