Citigroup: Strait of Hormuz disruptions could push Brent to $120
NewsBytes | May 20, 2026 2:39 PM CST
Brent crude dips to about $111
Oil prices have been bouncing around: Brent crude dipped slightly to about $111 per barrel, while US and Indian markets saw small shifts, too.
NATO is reportedly considering escorting ships if things get worse.
Citigroup analysts warn that people might still be underestimating just how much these supply risks could shake up energy markets worldwide, so everyone is keeping a close eye on what happens next.
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