The Hormuz Reckoning: What the Iran Oil Shock Means for U.S. Upstream
Brent at $109, WTI above $111, Hormuz partially blocked. The biggest oil shock since 2022 — and what it means for every U.S. upstream operator right now.
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The WTI crude oil price forecast for 2026 has become one of the most consequential variables in upstream budgeting. After WTI averaged just $60/bbl in January and $64.51/bbl in February, a sharp geopolitical shock