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Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes

Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, according to the latest note from Citi's commodity research team which expects flows through the Strait of Hormuz to soon normalize and.

Curated by Brimstone Editorial Desk · Source: ZeroHedge ·
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Expanded Context

Brimstone Report is tracking this as a curated world brief. The source report from ZeroHedge says: Citi Expects Oil To Sink To $60 As Hormuz Traffic Normalizes Brent Crude prices could plunge to as low as $60 per barrel by the end of the year, according to the latest note from Citi's commodity research team which expects flows through the Strait of Hormuz to soon normalize and.

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Why It Matters

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Key Facts

  • Primary source: ZeroHedge
  • Published: Jul 6, 2026, 9:45 AM UTC
  • Coverage area: World
  • Brimstone role: curated summary, explanation, and source attribution
  • Topic signals: developing story metadata

Timeline

  1. Source published: Jul 6, 2026, 9:45 AM UTC
  2. Brimstone indexed: Added to the curated Brimstone feed and linked to related coverage.
  3. Next update to watch: Additional sourcing, official confirmation, court or agency records, or follow-up reporting.

Source Attribution

This Brimstone page summarizes and contextualizes a third-party report. Continue to the original publisher for full reporting, documents, quotes, and updates.

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