Gulf shipping disruptions persist, Wall Street raises oil price forecasts.

BlockBeats news, September 11 - According to market sources, major Wall Street banks are raising their Brent crude oil forecasts as ongoing disruptions to Middle East shipping exacerbate global oil supply tightness.

HSBC expects Brent crude to average $90 in 2026, while Goldman Sachs warns that prices could exceed $120 if severe production disruptions in the Gulf region persist. Bank of America predicts a more extreme scenario with prices potentially reaching $150 if there is significant damage to energy infrastructure.