Macquarie: Even if the Middle East situation eases, oil prices remain at the bottom in the $85 to $90 range.

GateUser-bd883c58 · 2026-03-28T11:25:46+00:00

Macquarie stated that despite the easing of the Middle East situation, oil prices remain at the bottom range of $85 to $90. If the Strait of Hormuz is closed until the end of April, Brent crude oil prices could rise to $150. It is expected that oil prices will rebound to the $110 range.

GateUser-bd883c58

2026-03-28 11:25:46

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Ask AI · Why does the easing of the Middle East situation still support high oil prices?

[Macquarie: Even if the Middle East situation eases, oil prices will still find a bottom in the $85 to $90 range] Financial Associated Press, March 24 – Investment bank Macquarie stated that if the Strait of Hormuz remains closed until the end of April, Brent crude prices could still reach $150 per barrel. Macquarie also mentioned, “Even if tensions may ease (specifically referring to Trump’s statement on Monday), we still expect the bottom for oil prices to remain at $85 to $90 per barrel, and it will soon naturally rebound to the $110 range until the Strait of Hormuz fully resumes navigation.”

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