{
  "id": 5528065,
  "title": "Citi and ANZ raise Brent crude forecasts on Middle East supply disruptions",
  "url": "https://urgent.news/2026/09/04/citi-and-anz-raise-brent-crude-forecasts-on-middle-east-supply",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T09:12:13.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/commodities-news/citi-and-anz-raise-brent-crude-forecasts-on-middle-east-supply-disruptions-93CH-4889055"
  },
  "original_language": "en",
  "account": "Citi and ANZ have raised their forecasts for Brent crude oil prices amid ongoing supply disruptions in the Middle East. Citi's third-quarter 2026 forecast for Brent crude has been raised to $86 per barrel, citing an unsustainable situation including a U.S. blockade of Iran and reduced flows through the Strait of Hormuz. The bank anticipates reopening of the waterway in the fourth quarter, potentially restoring a surplus of 3-4 million barrels per day to the market. ANZ has increased its short-term Brent crude forecast to $95 per barrel, noting the market is in a delicate phase of adaptation as inventories decline and more demand destruction is needed to rebuild stocks. ANZ estimates the conflict will remove 2.3-2.4 billion barrels of Persian Gulf supply in 2026, with losses surpassing 2 billion barrels by the end of October.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Oil prices mixed as investors weigh Middle East escalation, chance of Ukraine peace deal",
        "url": "https://urgent.news/2026/09/03/oil-prices-mixed-as-investors-weigh-middle-east-escalation-chance-of",
        "published": "2026-09-03T22:09:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}